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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's Stehr Group that was announced last week. The Stehr Group'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's headquarters for aquaculture operations. "This really is a good thing for Whyalla in my opinion," Mr Hart said. "It will secure the long term security of the aquaculture industry. "I'm very proud of what SAAM's achieved up to now ... certainly a lot of money and hard work has gone into it, particularly from the original founder group." 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. Source: Whyalla News

5m Editor