Who owns Tassal salmon?
Tassal is the last of the big three Tasmanian farmed salmon producers not foreign-owned. Canadian company Cooke Seafood was in the hunt for Huon Aquaculture, before JBS Foods won out. Cooke now appears determined to take full control of Tassal.
Is Tassal an Australian company?
Tassal is a Tasmanian-based Australian salmon farming company founded in 1986. It has been listed on the Australian Securities Exchange since 2003.
How much salmon does Tassal produce?
Tassal has four marine zones, where the standard pen has a volume of 11,600 cubic meters and holds enough Salmon to produce approximately 120 tonnes once harvested. Salmon are kept in these large sea cages for between 12 – 18 months and continue to grow until they are ready to be harvested.
Why did Tassal acquire De Costi?
“The proposed acquisition of De Costi Seafoods will further build on our domestic salmon capabilities, increase Tassal’s vertical integration in salmon, drive increased scale and provide Tassal with access to the broader seafood market,” Ryan said.
Is tassal salmon owned by JBS?
In Tasmania, JBS joins Tassal — Australia’s biggest atlantic salmon producer and the only publicly listed salmon company — and Petuna, which is owned by the New Zealand-based business Sealord Group.
Is Huon Australian owned?
Cliff White. The world’s largest meat-processing company, São Paulo, Brazil-based JBS, has acquired 100 percent of Huon Aquaculture, Australia’s second-largest salmon producer.
Who owns the tassal group?
Tassal Group is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Yarra Funds Management Limited with 9.7% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 5.1% and 5.0%, of the shares outstanding, respectively.
Who bought tassal?
Tassal’s shares have traded largely sideways in the past two years but investors piled in after Cooke’s bid, sending its stock soaring 16.1 per cent to $4.61. Hayden Beamish, chief executive of Endeavor Asset Management, bought a holding in Tassal about a month ago and said the offer represented “reasonable value”.
Is Huon better than Tassal?
Tassal reports better performance on salmon escapes than Huon or Petuna – which means they are releasing less introduced species into Tasmania’s oceans.
Who owns salmon farms in Tasmania?
The alliance has been organised by Tasmania’s three major salmon producers — Tassal, Huon and Petuna — and a few key stakeholders. Over the last three decades the value of Tasmania’s salmon industry has grown to around $1 billion and there are plans to double that by 2030.
Who owns De Costi Seafoods?
Tassal Group Ltd.
Over this 35 year journey, the company’s mission has been to provide Australians with a diverse and delicious variety of seafood, with an uncompromising passion for quality. The De Costi Seafoods business was acquired by Tassal Group Ltd. who are leaders in producing Atlantic Salmon in Australia.
Is Huon salmon Australian owned?
Huon is the largest family-owned and -operated vertically integrated salmon producer in Australia, with a projected harvest of 35,000 metric tons (MT) in fiscal year 2021. It operates hatcheries, marine farming of salmon and trout, harvesting and processing operations, and sales and marketing vehicles.
Who owns Huon salmon in Tasmania?
Huon’s owners, Peter and Frances Bender – who own 52% of Huon – initiated the sale of the company in February this year after losses they attributed to the pandemic. In August the company announced a $128m loss despite a 39% increase in production.
Is tassal salmon Australian?
Tassal is Australia’s leading seafood producer and for 30 years we have been proudly farming delicious, fresh and nutritious Atlantic Salmon straight from the cool waters of Tasmania. Tassal has a range of high-quality delicious salmon products that will meet your needs.
Is Tassal a good buy?
The Tassal share price has slumped lower in 2020 but could be back in the buy zone. With a handy dividend yield, strong FY20 earnings and a cheap P/E ratio, Tassal could be a handy portfolio addition.
Is Tassal salmon owned by JBS?
Is Huon salmon owned by JBS?
The world’s largest meat-processing company, São Paulo, Brazil-based JBS, has acquired 100 percent of Huon Aquaculture, Australia’s second-largest salmon producer.
Is Tassal the last big Tasmanian salmon producer?
Key points: Tassal is the last of the big three Tasmanian farmed salmon producers not foreign-owned Canadian company Cooke Seafood was in the hunt for Huon Aquaculture, before JBS Foods won out Cooke now appears determined to take full control of Tassal
Is Tassal set to be taken over by a Canadian company?
A wealth adviser says it seems a Canadian seafood company is “pretty serious” about taking control of Tasmanian salmon giant Tassal, which could leave the entirety of the state’s salmon industry in the hands of foreign investors. Key points: Tassal is the last of the big three Tasmanian farmed salmon producers not foreign-owned
Will Cooke take over Tassal?
Cooke now appears determined to take full control of Tassal In a statement released to the ASX overnight, Tassal said it had rejected a third takeover bid from Cooke, which is based in Canada and has salmon farms in 10 countries.
Is Tasmanian salmon in the sights of a Canadian seafood giant?
Hot on the heels of Brazilians snapping up a Tasmanian salmon company, the last locally owned producer is in the sights of a Canadian seafood giant, news that has been welcomed by the island state’s Premier, Jeremy Rockliff. Skip to main content ABC News Homepage Search Loading More from ABC More from ABC Close menuABC iview Listen ABC Home News