Maruha Nichiro-backed Austral Fisheries, one of Australia’s largest vertically integrated commercial fishing companies, is acquiring Brisbane-based seafood processor and wholesaler, Moreton Bay Seafoods.

Western Australia-based Austral Fisheries has operations ranging from Patagonian toothfish in the Southern Ocean to shrimp and tropical snapper species in the northern prawn and Timor reef fisheries.

Founded in 1976, Moreton Bay Seafoods is one of Australia’s most enduring seafood businesses with strong brand recognition in key local and international markets.