German RAS shrimp producer finds partner in expansion plans
A German pioneer in recirculating aquaculture system (RAS) shrimp production says that its recent acquisition by private capital firm Rigeto Unternehmerkapital of Munich will pave the way for its bid to target new markets.
“We have achieved important milestones in the establishment and operation of our land-based shrimp farm, as well as in brand building and establishing long-term customer relationships,” Dr. Fabia Riedel, founder of Crusta Nova, said in a press release. “With Rigeto, I have the right partner at my side to expand on the growth we have initiated and to now take important steps in the areas of new target markets, product range expansion, digitization, and expansion of sales and marketing, among others.”
Riedel will continue to hold a significant stake in the company as managing partner.
Crusta Nova, which was founded in 2012 and based in Langenpreising, Germany, produces 30 tons of sashimi-grade vannamei shrimp per year.
The company’s salt-water shrimp are raised in a closed system in eight breeding tanks.
Crusta Nova’s strategy involves building its land-based aquaculture operation, growing its wholesale B2B business involving retailers, and selling directly to consumers to a B2C model.