Sanford Exits Pacific Oyster Business06 July 2012
NEW ZEALAND - Sanford Limited has today (6 July) concluded an agreement to sell its Pacific oyster farms in Northland to Aotearoa Fisheries Limited.
In December last year Sanford closed its Kaeo processing plant because of likely reduced
oyster volumes able to be harvested from its farms; an impact of the virus that killed many of
the juvenile oysters.
Despite having confidence that, in the medium term, there is potential to breed new oysters that have some resilience to this virus, Sanford decided that it made more sense for it to concentrate on its expanded Greenshell mussel business, in the shellfish sector.
Sanford and Aotearoa Fisheries are of the view that this sale strengthens both companies and will assist the aquaculture industry to continue to grow and prosper.
In total there are 16 farms totalling 128 hectares (6 near Kerikeri, four in Whangaroa Harbour and six in Houhora Harbour). The sale includes all relevant licences, racks, sticks and cages as well as oysters growing on the farms and vessels and vehicles relevant to the farms.
Discussions continue between the parties over the two remaining Sanford employees involved in the farming business but if they are not required by Aotearoa Fisheries Limited Sanford will honour its commitments to them.
TheFishSite News Desk