Stolt Sea Farms announced it will acquire Acuidoro, a turbot farm in northern Spain. The transaction includes Alrogal S.A., a wholly owned subsidiary that operates a hatchery adjacent to the Acuidoro farm, which SSF will transition to production of juvenile sole.
The transaction is expected to close in October. Financial terms were not disclosed.
“The acquisition is aimed at supporting Stolt Sea Farm’s production of turbot and the expansion of its sole operations. The hatchery included in the acquisition will provide all the juvenile fish needed for our rapidly expanding sole operations, estimated to be 2,000 metric tons by 2016,” said Pablo Garcis, SSF president. “With this investment, together with the sole farm presently under construction in Iceland, it is estimated that Stolt Sea Farm’s turnover will double over that period.”
SSF is a leading producer of farmed turbot and sole, marketed under the Prodemar brand, as well as sturgeon and caviar marketed under the Sterling brand.
