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NaturalShrimp finalizes acquisition, begins stocking shrimp at Iowa facility
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Dallas, Texas, U.S.-based NaturalShrimp has announced the acquisition of assets of F&T Water Solutions, LLC.
The USD 10 million (EUR 8.1 million) purchase includes 49 percent of Natural Aquatic Systems owned by F&T, in addition to patents on the electro-coagulation system and the associated equipment and processes owned 50 percent and 100 percent by F&T, respectively.
“This acquisition represents the final phase of our joint development of the electro-coagulation (EC) technology begun by F&T Water Solutions and its former president, Peter Letizia,” NaturalShrimp CEO Gerald Easterling. “We now own and control this EC technology as it relates to all aquaculture species and applications. We plan to utilize this technology in all of our shrimp-growing operations and to license to other aquaculture ventures worldwide.”
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NaturalShrimp buys VeroBlue facility in Webster City
A Texas company is moving its fish farming operation into a facility in Webster City. NaturalShrimp will operate out of the former VeroBlue fish farm that closed a few years ago.
“We think we’ll raise about 9,000 pounds a week once it’s in full production,” Gerald Easterling, president and CEO of NaturalShrimp, said. “We’ll add another $4 million capital investment probably to the facility as we ramp it up and we probably will be up and running in 18 months, full speed.”
Easterling expects to initially hire about 50 people to work at the Webster City plant.
-Messenger photo by Anne Blankenship
Gerald Easterling, chief executive officer of NaturalShrimp LLC, third from left, and Mayor John Hawkins, second from left, manned the large scissors to cut the rib bon at the companyâs new Webster City plant. The firm purchased the assets of Alder Aqua, formerly known as VeroBlue Farms. -Messenger photo by Anne Blankenship
Hamilton County Supervisor Jerry Kloberdanz, left, and Zach Chizek, city attorney for Webster City, center, listen to Gerald Easterling, CEO of NaturalShrimp LLC, discuss plans for the companyâs Webster City production facility Friday afternoon. -Messenger photo by Anne Blankenship
NaturalShrimp LLC displayed the companyâs logo on a sign during Fridayâs ribbon cutting ceremony at its new Webster City facility.
NaturalShrimp closes $10m deal for Iowa RAS assets, plans Puerto Rico expansion
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Dec. 23, 2020 17:38 GMT
US recirculating aquaculture system (RAS) farmer NaturalShrimp has closed on its $10 million purchase of the assets of defunct RAS barramundi grower VeroBlue Farms in Webster City, Iowa, it said [.]
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