South African fishing company Sea Harvest has completed the acquisition of a 19.9 percent stake in Australian company Mareterram Limited, which operates Nor-West Seafood.
Mareterram is a vertically integrated agri-business company which recently listed on the Australian Stock Exchange (ASX).
Its operations comprise the business assets of Western Australian-based Nor-West Seafoods, which harvests and processes wild caught king and tiger prawns and scallops; and the business assets of the Craig Mostyn Group Food Service Division.
The latter markets and sells Sea Harvest’s hake products, the Nor-West Seafood basket, together with other seafood and related products to the food service and retail trade.
The
