© Otter Ferry Seafish
Following successful negotiations, Amar Seafood and Otter Ferry Seafish have reached an agreement whereby Amar Seafood has acquired 100 percent shareholding in the Scottish aquaculture company.
Otter Ferry has been at the heart of innovation in the Scottish industry since 1968, contributing to the development of trout farming, land-based salmon farming, and salmonid broodstock and smolt production. As the only commercial marine hatchery in Scotland, it has also played a leading role in establishing production of halibut, wrasse and lumpfish.
“We are very pleased and excited to entrust the stewardship of this historic company to Amar Seafood. We know them well and have developed a strong supplier customer relationship that fits well with our ethos of innovation and sustainability. We can clearly see the benefits that Amar Seafood will bring, not just to the company, but to all those involved in the company and the Scottish aquaculture sector as a whole,” said Alastair Barge, Otter Ferry managing director, in a press release.
Amar Seafood, an established name in the aquaculture community, is no stranger to fish farming, and already has hinted at plans for the future of the Otter Ferry hatchery.
“We are absolutely delighted with our acquisition. We see Otter Ferry as a Scottish based international hub supporting our operations in Norway and Canada, both as an advanced hatchery producing increased amounts of quality juveniles and also as a valuable industry agri-tech research centre. We are committed to a phased expansion of the hatchery to enable us to develop our near market on-growing capacity in Scotland, Canada and Norway,” said Bjørn Apeland, Chairman of Amar Group.
“This is an emotional moment for us but at the same time a very exciting new chapter for Otter Ferry, and a great day for halibut,” Barge concluded.
