Japan's Nissui buys fish farming business

Nissui said the move was realising the company’s aim to establish “a stable business portfolio by 2030 in which the Food Products Business and the Marine Products Business were well-balanced, with overseas marine products and food products businesses, aquaculture business, and Fine Chemicals Business serving as growth drivers.”

The statement added: “Among these, the aquaculture business, alongside the Fine Chemicals Business, is recognised as a priority growth area expected to achieve an operating profit margin of 10% or more.

“Strengthening the aquaculture business is considered a key factor, not only for the Marine Products Business but also for improving the profitability of the entire Nissui Group.”

Nissui already cultivates amberjack, salmon and other species in Japan.

Pesquera Yadran, Nissui says, possesses expertise in farming and processing fresh products of Atlantic salmon—a species for which global demand is expanding—and maintains sales channels to overseas markets, including the US market.

Through this acquisition, Nissui plans to expand the scale of aquaculture operations together with enhanced processing and sales networks, and pursue efficiency improvements, such as optimising the balance between fish species and farming sites.

Pesquera Yadran was created in 2002 and three years later it became one of the pioneering companies in salmon farming and processing in Chile.

It decided to focus exclusively on the sale and production of Atlantic salmon. It has now reached a harvest of more than 35,000 tonnes.

Nissui is developing a global reach in seafood. A few years ago it bought into the Grimsby-based company Flatfish and the Hull business, Three Oceans Fish.