New Zealand’s largest traded fishing company Sanford Ltd, have agreed to buy the mussel and pacific oyster unit of Pacifica Seafood Group. Managing director Eric Barratt said in a statement that this purchase will secure and consolidate Sanford’s position as New Zealand’s number one aquaculture producer and exporter.
About 70 marine farms, 800 mussel growing lines a processing plant and 10 vessels are part of the unit that Sanford are buying for NZ$85 million (US$66 million). Mussel, oyster and salmon make up about 15 percent of New Zealand’s NZ$1.3 billion a year fish and shellfish exports.
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