Skip to main content

Sea Harvest buys bigger Mareterram stake

| On the move

South African fishing company Sea Harvest recently announced a 19.9 percent acquisition of Australia’s ASX-listed Mareterram, making it the company’s largest shareholder.

Sea Harvest has more than a 40 percent volume share in the local frozen fish sector and employs more than 2 400 people.

Mareterram is a vertically integrated agri-business with operations encompassing Nor-West Seafoods and Craig Mostyn.

“The investment in Mareterram allows Sea Harvest to diversify its earnings away from a single specie hake resource and gives us a firm foothold to increase our market share and presence in Australia in a hard currency,” Sea Harvest chief executive Felix Ratheb said.

Pin It

Related Articles

By: Myles Illidge - MyBroadband Woolworths has started listing various tech products on its website, including smartphones, accessories, gaming consoles, laptops, and tablets. It has called the electronics section of its online store “WConnect”.
WCafe Waterstone is bigger, better and now, open much later, with a new menu to tempt all foodies.
By:  Helena Wasserman – News24 Zyda Rylands, the CEO of Woolworths Foods, will be leaving the company at the end of August, the group confirmed on Thursday (14/03/2024).
By: Bianke Neethling - MyBroadband Since launching in 2019, Shoprite’s Checkers Sixty60 on-demand grocery delivery service has shown exceptional growth and generates an estimated R10 billion annually.
By: Myles Illidge – MyBroadband Spar has a fleet of 65 electrified vehicles delivering goods through the retailer’s rapid online delivery service, and a combination of grid and solar power charges them. Blake Raubenheimer, omnichannel executive...