Alltech Fennoaqua is Finland's only fish feed production facility.
The animal nutrition and biotechnology company Alltech has become the majority shareholder of fish farmer Finnforel after acquiring the Finnish firm's stake in Alltech Fennoaqua Oy.
Alltech Fennoaqua is the only fish feed production facility in Finland, offering sustainable, high-quality feed solutions specifically designed for cold-water aquaculture operations.
For its part, Alltech — which provides nutritional solutions for the animal feed, aquaculture, and crop sectors — sees this move as an opportunity to innovate and grow in the aquaculture industry, both in Finland and globally.
Regarding this, the president and CEO of Alltech, Dr. Mark Lyons, said: "As majority owner of Alltech Fennoaqua, we are deepening our commitment to delivering smarter, more sustainable solutions for aquaculture systems, backed by scientific innovation and global aquaculture expertise."
Additionally, Alltech Fennoaqua CEO, Tomi Kantola: "With Alltech’s expanded ownership and continued investment, we are better positioned than ever to serve aquaculture producers with innovative, sustainable feed solutions — all while supporting domestic food security and export growth."
In 2023, Alltech and Finnforel acquired Raisio's aquafeed business, which included a fish-feed production facility in Raisio, Finland, for EUR 7 million (USD 7.5 million) to enhance aquaculture producers' access to Alltech's nutritional technologies.
