December 20, 2017
Neovia acquires US probiotics company
Neovia has announced the acquisition of 100% interest in Epicore, a specialist in the manufacture of larval feed and probiotics on the global aquaculture market and, more specifically, shrimp.
With an estimated world production of 3.6 million tonnes (FAO, 2016), the shrimp market has been steadily growing for more than a decade. However, in recent years, the market has slowed or even stagnated in some countries due to the appearance of several diseases (Early Mortality Syndrome, White Spot Syndrome Virus). In response to these major health challenges, shrimp farmers have had to adapt their production model and adopt new measures to control their ponds more effectively: water quality control, biosecurity, better quality larvae, and the use of probiotics. As a result, Neovia's acquisition of Epicore will bring the company leading-edge expertise in probiotics fully in line with its holistic approach to aquaculture which ranges from feed to pond management.
This acquisition will allow the two companies to benefit from numerous synergies worldwide, particularly with regards to R&D and innovation. Neovia's aquaculture business will also benefit from an expanded portfolio of products and services as well as new expertise in the production of probiotics first for aquaculture species and then for the Group's other species.
Asia is one of Neovia's main development areas and aquaculture is one of its priority businesses. With Epicore, the Group has additional resources to accelerate its growth in the Asian shrimp industry. Four out of the world's top five shrimp producing countries are located in this region: China, India, Vietnam, and Indonesia.
Hubert de Roquefeuil, CEO of Neovia, said, "With the acquisition of Epicore, Neovia's aquaculture business will achieve its critical size to accelerate its international development, especially in Asia where we can rely on the Group's presence and our recognised aquaculture expertise in Latin America (Ecuador, Brazil, Mexico) and Vietnam. Epicore has a lot to offer to Neovia and I am pleased to welcome its teams of experts in probiotics to our company which will allow us to complement our portfolio of products and services and offer high-performance and sustainable solutions to farmers all over the world."