Belgian aqua feed firm takes over bankrupt Vitafish

Belgium aqua feed specialist Joosen-Luyckx has taken over the bankrupt company Vitafish, which is specialised in growing tilapia.

Current jobs will remain and more jobs will be created in the near future, said Joosen-Luyckx.

Vitafish bankrupted in August with no immediate candidate for a takeover, and a plan to clear out the remaining 500 tonnes of tilapia in the company's farm was decided.

Joosen-Luyckx intends to first solve the financial problems of Vitafish and then improve performance by diversification of the species grown.

Joosen-Luyckx is specialised in growing sturgeon, processing of poultry and manufacturing of aqua and animal feeds.