Cargill's animal nutrition business expanded its investment in the shrimp feed industry by purchasing Siamakme Aquatic Feeds Co., Ltd., a Thailand-based shrimp feed manufacturer. Terms of the agreement were not disclosed.
"Thailand is a major producer of fish and shrimp with strong growth potential, and we are delighted about this strategic acquisition because it strengthens our presence in Asia and provides a platform for further expansion in this important market," says Watcharapong Poomongkutchai, managing director of Cargill Feed & Nutrition Thailand.