ORKNEY SEA FARMS ACQUIRED BY SCOTTISH SEA FARMS

Scottish Sea Farms Ltd announced that it has acquired Orkney Sea Farms Ltd at the end of June 07.
The purchase includes six marine sites in Orkney and two freshwater production facilities in the Dumfrieshire area. The sites have an estimated annual harvestable volume of 3,000 tonnes with approximately 1.5 million smolts in fresh water sites.
Commenting on the acquisition, Scottish Sea Farms’ Managing Director, Jim Gallagher, said: "We are very pleased to announce that we have acquired Orkney Sea Farms Ltd – a move that is very much in keeping with the strategic development of the company. This investment will assist us in developing new and exciting opportunities for the future as we market Orkney salmon as a premium proposition.
Scottish Sea Farms is a Scottish business that is quality driven and this latest acquisition will certainly augment our profile as a leading supplier of the very best Scottish salmon."