Alliance Select Foods International (AFSI), the country’s leading canned tuna manufacturer, is seeking to acquire Akaroa Salmon NZ Ltd., a New Zealand-based salmon marine farmer and processor of fresh and smoked salmon.
In a disclosure to the stock exchange, AFSI said its board approved its plan to acquire an 80 percent stake in Akaroa for USD 2.184 million. AFSI will invest another USD 100,000 for Akaroa’s working capital needs.
Akaroa is considered a pioneer in New Zealand’s farmed salmon industry. It operates 2 marine farms in Akaroa Harbor in South Island and processing facilities in the Riccarton district of Christchurch.
“Alliance’s investment into Akroa will enable the Kiwi company to double its farming capacity in the coming years and support its plans to be an export leader into key high-end markets globally,” AFSI said.
