Austral's canned fish products. (Photo Credit: Austral)
Tri Marine acquires processing plant from Austral
PERU
Thursday, January 16, 2014, 01:30 (GMT + 9)
Tri Marine has agreed to acquire 100 per cent of the shares of Conservera de las Americas from Austral.
Conservera de las Americas owns and operates a tuna and pelagics processing plant in Paita, which produces tuna and pelagic, e.g., pacific anchovy and mackerel, products for the Peruvian and international markets.
The plant’s production capacity will complement Tri Marine's existing network of owned and contract tuna and pelagics processing plants and it will enable Tri Marine to locally process the pelagic and tuna resources available in Peru, thereby creating jobs and supporting the local economy.
“Tri Marine is pleased to return to Peru through the acquisition of Conservera de las Americas. We were fortunate to have been shareholders in Austral a few years ago when the company experienced rapid growth and success. Austral's strategy to concentrate their operations more towards the center of the country has given us a welcome opportunity to again participate in an important way in the Peruvian fisheries industry,” said Renato Curto, CEO of Tri Marine.
He explained, “Our focus is on the human consumption side of the business. The Paita plant will be dedicated to the production of high quality products destined to our preferred customers in the countries where we currently operate, as well as in the domestic market in Peru. The transaction has been structured in a way that the production at the plant will not suffer any major interruptions. The workforce of Conservera de las Americas is well trained and, with the help of our friends at Austral, we expect to have a very smooth transition”.
Headquartered in Bellevue, Washington (US), Tri Marine's global activities include fishing, procurement, processing, and trading of tuna, pelagic species like sardines, squid and mackerel, and other seafood products.
The company has offices in 14 countries with several processing plants strategically located around the globe. Its fishing fleet includes 25 tuna and pelagics purse seiners and pole and line boats, all operating in the Pacific Ocean.
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