Cermaq in talks to buy Cultivos Marinos Chiloé


SeafoodSource staff

Published on
July 12, 2012

Farmed salmon heavyweight Cermaq on Friday unveiled that it’s in talks with the owners of Cultivos Marinos Chiloé S.A. to acquire the Chilean company.

But Cermaq’s announcement contained little detail. In a two-paragraph release, the Norwegian company said “substantial uncertainties” remain with regards to completing the deal. It added that it’s currently not commenting further and that another announcement will be made “when appropriate.”

Cermaq has operations in Norway, Chile, Scotland, Canada and Vietnam. Mainstream is Cermaq’s salmon-farming division, while EWOS is its fish-feed division. The company is listed on the Oslo Stock Exchange and is also based in Oslo. Its EBIT totaled NOK 1.37 billion in 2011, compared to NOK 1.34 billion in 2010.

Founded in 1988, Cultivos Marinos Chiloé produced Atlantic salmon and trout. The company is based in Ancud and its production is centered on the big island of Chiloé. Its primary processing plant is located in Dalcahue, while its secondary processing plant is located in Ancud. The distribution and sale of its products occurs in Puerto Montt.

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