IRIDA acquires the majority of shareholding of GALAXIDI MARINE FARM
IRIDA (www.irida.com), the leading fish feed manufacturing company in Greece, has acquired 83,5% of Galaxidi Marine Farm (www.galaxidimarine.farm), one of the largest and most important Greek Aquaculture companies.
Galaxidi is well known for the high-quality fish which it produces and exports to the European markets. Many of their farms are ASC (Aquaculture Stewardship Council) certified as well as a proportion of its production is certified as organic according to the EU legislation. Galaxidi’s wholly owned fish farms are located in the Corinthian gulf which is well known for its crystal-clear waters and in L’Ametlla Spain in an open sea, brand new farm. Total production of Galaxidi exceeds 15.500 tons of fish, of which 13.500 tons are produced in Greece and 2.000 tons in Spain, while annual turnover exceeds € 80 million.
IRIDA owns two modern fish feed factories, producing over 120.000 tons of feeds with an annual turnover € 180 million, supplying the Greek and other Mediterranean markets. Currently, exports exceed 35% of total sales.
IRIDA has recently made significant investments in pioneering projects. This includes acquiring a majority stake in Aquatic Biologicals (www.aquatic-biologicals.com), a university spin-off specializing in autogenous vaccines and phage therapy. Additionally, IRIDA has acquired Vetcare, through which it provides products and services for health management to aquaculture industry.
With this acquisition of Galaxidi, IRIDA demonstrates once again its full commitment to Mediterranean Aquaculture and its future, as well as its endeavor to seek for synergies across the whole production chain, which can be further enhanced through innovation.