Aquaculture industry secured

by 5m Editor
11 July 2006, at 1:00am

AUSTRALIA - South Australia Aquaculture Management (SAAM) chief executive officer Phil Hart welcomes the acquisition of the business and assets by Port Lincoln&#39;s Stehr Group that was announced last week. The Stehr Group&#39;s Clean Seas has entered into a 60 day due diligence process into the acquisition of SAAM with a hope to make it the company&#39;s headquarters for aquaculture operations. &quot;This really is a good thing for Whyalla in my opinion,&quot; Mr Hart said. &quot;It will secure the long term security of the aquaculture industry. &quot;I&#39;m very proud of what SAAM&#39;s achieved up to now ... certainly a lot of money and hard work has gone into it, particularly from the original founder group.&quot; Mr Hart said the business needed to rise a level in its operations and that Stehr Group would be able to do that, planning significant expansions on the business. <i>Source: Whyalla News</i>

5m Editor