Canadian food group George Weston has announced its intention to sell its Heritage Salmon business.
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Heritage Salmon President Fraser Walsh said, “We will be working closely
with Weston to make the transition to new ownership as smooth as possible for
everyone involved – including our employees, our customers and our suppliers.
In the meantime, it is business as usual.”
Weston reported a net loss of CAN$1 million (US$0.81 million) for the fourth quarter of 2004, compared with a net profit of CAN$252 million (US$204 million) in the same period a year earlier.
Heritage Salmon is a salmon aquaculture business which operates in New Brunswick, Maine and British Columbia. George Weston Limited is one of North America’s largest food processing and distribution companies.
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