artwork for news feed headlines

Dunedin-based Skeggs Group has divested itself of most of its aquaculture interests as it continues to reinvest heavily in its expanding southern tourism holdings. 

It sold the majority of its aquaculture assets to listed Sanford Ltd. in November 2010 for AUD 85 million. At the time, it retained its Bluff oyster and salmon holdings, but the latter have just been sold to Malaysian-majority interests for almost AUD 1 million. 

The privately owned 60-year-old Skeggs Group has sold its Pacifica Salmon Ltd. subsidiary company for AUD 950,000 to The New Zealand King Salmon Co. Ltd., a Malaysian majority shareholder company which this week gained consent from the Overseas Investment Office for the purchase. 

The asset is 5.65 hectares of freehold land, which includes a salmon hatchery at Rotherham Rd. North, Waiau, north Canterbury, and the buyers intend to increase production capacity. 

It was understood Pacifica Salmon Ltd. had two salmon farms in the Marlborough Sounds and development interests elsewhere. 

Click here to read the full story from the Otago Daily Times >

Market Report

SeafoodSource Twittter


Seafood Expo Global

21-23 April 2015
Brussels, Belgium

Seafood Expo Global/Seafood Processing Global is the largest seafood trade event in the world. The event attracts more than 25,800 buyers and suppliers of fresh, frozen, packaged and value-added seafood products, equipment and services. Attendees travel from 150 countries to do business at the expo. Read More