Tassal Group, the Australian seafood business, is looking to acquire an unnamed local aquaculture business that is one of its suppliers.

The Tasmania-based salmon specialist said the deal – for an undisclosed sum – is aimed at “unlocking large synergies in the seafood supply market”.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In an announcement to the Australian Securities Exchange (ASX), Tassal said it is continuing to “investigate strategic growth opportunities that support a sustainable seafood business and strong returns to shareholders”.

Tassal said as part of this strategy it has entered into discussions for the possible purchase of an aquaculture business comprising of prawn farms at Yamba, New South Wales and Hamilton Bay and Mission Beach in Queensland.

But the company advised the ASX no formal binding purchase agreement has been signed and there is no certainty a transaction will happen.

In 2015, Tassal bought Lidcombe, New South Wales-based seafood firm De Costi, which offers its own packaged seafood products but also supplies the wholesale and foodservice markets. 

Tassal produces and sells salmon and seafood products to both the Australian domestic and export markets. It employs more than 1,300 people.