Stolt Sea Farm Holdings BV, a wholly owned subsidiary of Stolt-Nielsen S.A. (Nasdaq: STLTF, STLBY; Oslo Stock Exchange: SNIB) today announced it has reached agreement to acquire Australian Bluefin Pty. Ltd. (“Australian Bluefin”) of Port Lincoln, South Australia.
Mr. Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt Sea Farm Holdings plc. (“SSF”) said, “I am delighted to be able to announce this acquisition, our first investment in farming activities in the Asia Pacific region. Australian Bluefin is one of the pioneers in the business of ranching Southern Bluefin tuna, and is the largest producer of Southern Bluefin tuna in the world. Tuna is the most popular fish used in sushi and sashimi. Tuna fish fits perfectly into our existing product line of seafood items for sale by our Asia Pacific sales organization. Since the tuna is ranched we can ensure a stable supply of high quality product, which always is highly appreciated by customers. The ranching of tuna is still in its early stages and we also believe we can bring our expertise in aquaculture to the business and develop it further. The sellers of the business are important figures in the Southern Bluefin tuna industry, and we are pleased to say that they will stay on with us and continue to make their experience available to the company”
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SSF is the world leading multi-specie aquaculture company and is one of the world’s largest producers of Atlantic salmon and salmon trout with presence in all the major salmon farming regions (North America, Norway, United Kingdom and Chile). SSF is the world’s leading producer of farmed turbot, halibut, sturgeon and sturgeon caviar, and also produces tilapia in North America. The Company’s products are sold world wide under the Sterling and Prodemar brand names through an in-market sales network in all three major seafood markets (Asia, North America and Europe).
This news release contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Actual future results and trends could differ materially from those set forth in such statements due to various factors. Additional information concerning these factors is contained from time to time in the Company’s U.S. SEC filings, including but not limited to the Company’s report on Form 20-F for the year ended November 30, 1999. Copies of these filings may be obtained by contacting the Company or the U.S. SEC.
