Animal nutrition and fish feed giant Nutreco has inked a deal to purchase the remaining 67 per cent share held by its two partners in its Egyptian participation Hendrix Misr. It already owns 33 per cent of Hendrix Misr, an acquisition Nutreco made when it entered the Egyptian market in 2001.

Once the multinational firm owns 100 per cent of Hendrix Misr -- Egypt's market leader in extruded fish feed (mainly tilapia) -- it will have gotten hold of a good base to expand its activities in this appealing growth market.

Egypt is the world's second-largest tilapia producer after China and, as a result the market for extruded fish feed in Egypt is expected to achieve ...  (More Info)