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Lucky Star owner Oceana sees a lot of runway ahead of it for organic expansion, saying it expects its canned fish brand to continue being boosted by cash-strapped consumers shopping down to more affordable food products.
In an interview with News24 after the release of results for the year ended September, CEO Neville Brink said there were also similar growth opportunities available to its fish oil and fish meal businesses, which feed into the burgeoning aquaculture market. Aquaculture generally refers to the farming of fish and other ocean-related products.
At the same, Brink also said the group was open to merger and acquisition activity as an avenue for growth, but would be prudent about any asset allocation.
