Tasmanian salmon grower Tassal snapped up by Canadian giant for $1.1b | hijessicayun
Tassal’s chief executive has batted away concerns about Canadian aquaculture giant Cooke’s takeover bid and said the Tasmania-based salmon producer’s new foreign owners have “endorsed” the existing management team.
“They’ve been very clear on supporting the management team, and I think that’s a big validation of what we’ve been able to deliver and what we’ve got in terms of our strategic plan going forward,” Ryan said. “The product’s grown here, so it is very much Tasmanian,” he said. “It becomes, we have potentially one shareholder rather than thousands of shareholders. But equally, the actual business itself and the people we employ will predominantly come from Tasmania.”
“We have demonstrated acquisition history where Cooke has left operations management in place for continuity. We are highly impressed with the quality of Tassal’s infrastructure, people and culture.”
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