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GenoMar acquires Brazilian tilapia firm

GenoMar Genetics AS has acquired the genetics and distribution assets of independent Brazilian tilapia company, AquaAmerica/AquaPorto.

As part of the agreement, AquaAmerica’s breeding and genetics will become part of GenoMar’s portfolio of tilapia brands managed by its research and development department. AquaAmerica will also become an independent company with separate distribution and commercial activities.

Tilapia broodfish

Alejandro Tola Alvarez, CEO, GenoMar

“We share with GenoMar the ultimate vision of making the tilapia sector a sustainable and cost-effective supplier of seafood to domestic and global markets,” said AquaAmerica CEO Jorge Barbosa. “And with Brazil rising as a star in the global tilapia landscape in recent years, our responsibility to supply security and quality to our clients becomes more important than ever. GenoMar has the resources, expertise and long-term vision to deliver on that.”

AquaPorto began supplying fingerlings and juveniles to the Brazilian market in 2007. In 2012, a family-based breeding program named AquaAmerica was established and has become a respected genetics supplier of Brazilian tilapia breeds.

GenoMar Genetics is an international tilapia breeding and distribution company that operates in Norway, Latin America and Asia. It is a wholly-owned subsidiary of EW Group GmbH, based in Germany.

www.genomar.com