Finnish aquaculture company Finnforel announced on June 27 that it has sold all of its shares in the feed company Alltech Fennoaqua to Alltech, which the company noted was already a shareholder in the business.
Nora Hortling, CEO of Finnforel, stated that the sale allows the company to further focus on its core business of growing and processing rainbow trout in a recirculating aquaculture system (RAS) environment and to pursue its future growth plans.
Despite the sale, the two companies will continue to cooperate through a strategic partnership. Tomi Kantola, CEO of Alltech Fennoaqua, said that Finnforel remains an important customer and that their cooperation will continue, especially in the development of RAS feeds.
He added that with Alltech’s expanded ownership, the company is better positioned to serve aquaculture producers with what he described as "innovative, sustainable feed solutions".
Finnforel, with partners Alltech and Heino Group, originally bought the company from Raisio in 2023.