Chilean salmon company Australis Seafoods' acquisition of Chilean salmon processor Pesquera Torres del Paine for $26.5 million (€23.5) has been completed, it was announced Wednesday.
The deal was completed through subsidiaries Australis Mar and Pisciculturas Rios Mallin, Australis said in a note to the Chilean stock market regulator.
Pesquera Torres del Paine has a salmon processing plant in Punta Arenas, in Chile's Magallanes region.
The company is further establishing its operations in the region to supply expanding markets, Australis CEO Ricardo Misraji told IntraFish in January.
