Shetland cod pioneers to be sold – Fishupdate.com

Shetland cod pioneers to be sold Published:  16 November, 2004

HIGH-PROFILE cod farming pioneers Angus and Ivor Johnson intend to sell their stake in Johnson Seafarms according to a report in the Shetland Times.

The UK cod farming industry has been rife with rumours about what was happening at Johnsons since Karol Rzepkowski, director of their cod farming venture, cancelled his session at the British Marine Finfish Association meeting in Oban, two weeks ago.

Now updated contact information on their web-site indicates that the Johnson brothers intend to step back from day-to-day management.

The new chairman of the company is Laurent Viguie, an English-based businessman and property developer, while Karol Rzepkowski becomes managing director.

Gordon Johnson, (not from the same family as Angus and Ivor) who until now was the director of Grading Systems is listed as operations director, while the Johnson brothers are directors.

Quoting the new Johnson Seafarms chairman the Shetland Times says that the Johnsons are keen to get out of the business as it expands rapidly and requires increasing amounts of finance, marketing expertise and brand development.

Fishupdate.com contacted the company to discuss the rumours two weeks ago but the company issued a terse no comment at that time.

Three UK based parties are involved in talks to buy the company and if a deal goes ahead smoothly, new owners could be installed by mid-January.

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