Cape Town - Sea Harvest announced on Thursday that it has acquired a 19.9% investment in Perth-based company Mareterram Limited, which recently listed on the Australian Stock Exchange.
According to a statement, Mareterram is a vertically integrated agri-business. Its operations currently encompass the business assets of Western Australian based Nor-West Seafoods, an MSC-certified fishing company that harvests and processes wild caught king and tiger prawns as well as scallops, and the business assets of the Craig Mostyn Group Food Service Division, an Australian business that markets and sells Sea Harvest’s hake products.
The Craig Mostyn Group, with revenues of Aus$420m, has distributed Sea
Harvest’s products in Australia for the last 50 years.