Canadian food group George Weston has announced its intention to sell its Heritage Salmon business.

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.