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.