The two new licences will increasing annual production capacity by
approximately 1,500 tonnes gwt salmon (+15%). The Licences are
located only 1-3 km from Lakeland Marine Farms existing sites in
Argyle, west of Glasgow, and there should be significant synergies in
operating the sites together.
Lakeland's operation in the Argyle has
historically generated excellent results, both production and
earnings wise.
In addition to the two licenses, applications for two new sites in
the same area has been transferred to Lakeland Marine Farms Ltd.
Pending approval from the Scottish authorities, annual production
capacity may increase by an additional 1,300 tonnes gwt salmon. Final
approval is not given.
Marine Farms say that the increased production will be utilised to satisfy the continuing
increased demand from Lakeland's customer base, strengthening
Lakeland's position as a producer of high quality products for a
discerning market segment. The transaction is valued at 2.45 million
Marine Farms Purchase 2 New Salmon Sites
SCOTLAND, UK - The final agreement has been signed for LakelandMarine Farms Ltd to purchase 2 salmon licences, including equipment, from LighthouseCaledonia.