Barramundi Group's Australian company enters liquidation as Tassal's buy-out of subsidiaries is sealed

Marine Produce Australia, the holding company for Singapore-based Barramundi Group's Australian operations, has been placed into voluntary liquidation following the sale of its subsidiaries to Tasmanian salmon and shrimp farmer Tassal Group.

Cooke-owned Tassal announced at the end of July it would be acquiring Barramundi Group's Australian operations, Marine Produce Australia (MPA), after it entered voluntary administration in May following the failed sale of the farm.

MPA operates Australia’s only ocean-based barramundi farm at Cone Bay in Western Australia. The facility is currently producing around 1,600 metric tons of fish per year.