Sealord, New Zealand's largest seafood company, has been given the OK by New Zealand regulators to acquire fishing company Independent Fisheries, a deal the companies announced in September.
On Tuesday, Sealord received clearance from the New Zealand Commerce Commission to acquire Christchurch-based Independent Fisheries business, which includes approximately 46,000 metric tons of quota, two company-owned and one chartered deepwater factory fishing vessels, 500-plus vessel crew and staff, and a cold storage facility.
Independent Fisheries has grown into one of New Zealand's major privately owned fishing businesses, with the fourth largest deepwater quota package in New Zealand, according to Sealord.
