Indonesia's CP Prima acquires largest U.S. shrimp breeding Co

Jakarta (ANTARA News/Asia Pulse) - Indonesia's PT Central Proteinaprima (CP Prima) (JSX:CPRO) has acquired Shrimp Improvement System, LLC (SIS), the largest brood stock breeding and producing company in the United States, for an undisclosed sum.

CP Prime management said the integrated shrimp processing company wants to expand operations in the United States and bolster its financial performance.

Last year, the company posted a net profit of Rp154.36 billion (US$17.1 million) for the first nine months, up from Rp144.11 billion in the same period in 2005.