Leopard Acquires Stake in Seafood Plant

Cambodian private equity firm Leopard Capital has acquired a 31.48% stake in the country’s seafood processing plant, Nautisco Seafood Manufacturing, for $1.6m.

Nautisco will use the proceeds to fund working capital requirements and pay off debts, the company said.

Nautisco, which currently processes wild shrimp, said it will move into other seafood products and start exporting to Japan, Korea, North America and Europe.

The firm aims to increase plant capacity from the current rate of 10t a day to 30-40t a day.