Craig Mostyn Asset Purchase

Monday August 30, 2021

We are close to completing the purchase of the Craig Mostyn Tasmania (CMT) lobster assets.

The transaction is likely to be completed in September.

This is a strategic acquisition which supports our current Tasmanian business and will accelerate the growth of SALCO, our Australian subsidiary.

The assets include three factories, strategically located on the Northern & Eastern coastlines of Tasmania. The factories are at Stanley, Bicheno and Dover. Collectively, close to a third of the Tasmania catch is processed through these factories.

Importantly, all of CMT’s key employees have transferred across to SALCO. They bring a wealth of experience and knowledge to the business and complement the skills of our existing team.