February 26, 2021

NaturalShrimp acquires Hydrenesis Aquaculture

Hydrenesis Aquaculture was acquired by longtime research and joint venture partner NaturalShrimp for US$12.5 million.

According to a press release, the acquisition will be made in two parts - US$5.5 million in cash and US$7 million in NaturalShrimp stocks.

In January, Hydrenesis Aquaculture announced a partnership with NaturalShrimp involving a US$25 million recirculating aquaculture system shrimp farm in northern Florida, the United States.

"NaturalShrimp has been working with Hydrenesis since 2018 on several solutions for the industry. We currently have trials ongoing in Norway and Australia. The company intends to immediately begin deployment of the technology in our hatchery and nursery systems," NaturalShrimp president and CEO Gerald Easterling said. "We also believe that the Hydrenesis technology will have major impacts on disease control in salmon, barramundi and tilapia farming segments. We expect to file additional patents around the expansion of the application and use of the combined EC and Hydrenesis technology."

"We are excited for the next evolution of our relationship with NaturalShrimp," Hydrenesis CEO David Antelo said.

"We have been exploring the application of the Redox water treatment for several years. Our technologies' ability to affect water chemistry and elevate water quality is proving to have a significant impact on growth and health metrics. NaturalShrimp's bold vision and rapid growth trajectory make them the ideal partner for extending commercialisation of Hydrenesis technologies to additional species applications."

 - SeafoodSource