Australia’s largest salmon producer, Tassal, has confirmed it is having discussions regarding the purchase of the De Costi business.
In a statement, Tassal said it is “focussed on and committed to growing domestic per capita consumption on salmon and ensuring that it optimises its supply chain.”
“Tassal has previously stated and continues to believe that strengthening and broadening its product offering from salmon to other seafood is ‘on strategy’ – as long as that other seafood supports its sustainability core values and delivers long term shareholder value.
“Any acquisition needs to be consistent with strategic plan objectives.”
Tassal said that although discussions have begun, there is no certainty that a transaction will eventuate, but it will keep the market informed of any material developments.
In November, Tassal was the first salmon company in the world to gain Aquaculture Stewardship Council certification across all its farming operations.
Tassal has been moving towards reaching full ASC certification since 2012, working in partnership with WWF-Australia.