Asian feed company buys stake in Regal Springs
The parent group of an Asian feed company has purchased a stake in fish farmer Regal Springs Tilapia.
Regal Springs Principal Magdalena Wallhoff confirmed to SeafoodSource that Golden Springs Group, the parent company of Gold Coin Group, a feed company based in Singapore, has purchased a minority stake in Regal Springs, which was founded by a Swiss entrepreneur and is based in Miramar, Fla.
“For Regal, this means extra support as we grow,” Wallhoff said. “Golden Springs brings important feed synergies and international management expertise which will strengthen the operation in every way.”
Wallhoff said Golden Springs approached Regal Springs about the purchase, but both groups have had a relationship for many years. No other details were available on the purchase.