Barramundi producer Australis Aquaculture said Monday it has completed an acquisition of Marine Farms’ operations in central Vietnam from Friendmall, Ltd., a Cyprus-based company controlled by Jerzy Malek, the founder and former CEO of Morpol, Inc.
Terms of the acquisition were not disclosed.
Marine farms was founded by Norwegian Bjorn Myrseth.
Australis Aquaculture, headquartered in Turners Falls, Massachusetts, operates two aquaculture farms, a land-based farm in Massachusetts and an offshore marine farm in central Vietnam.
“Australis has been operating in Vietnam since 2007 and we have found it to be an excellent location to develop our marine production base," said Josh Goldman, CEO at the company.
"The
