Sea Harvest Group Acquires Australian Fishing Business for $50 Million
South Africa-based Sea Harvest Group announced it has acquired Western Australia-based fishing business MG Kailis through its subsidiaries Sea Harvest Australia and Sea Harvest Marine for AUD 70 million (USD 50.9 million).
MG Kailis was described by Sea Harvest as a “well-established and market leading vertically integrated prawn and fish trawling, seafood trading and engineering business with over 50 years’ experience in the seafood industry in Australia.”
The move includes vessels, licenses, and fishing rights for prawns in the Exmouth region and trawled fish in...
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