Pan Fish Scotland buys Highland Fish Farms

The Fish Site
by The Fish Site
26 February 2007, at 12:00am

UK - Pan Fish Scotland, a subsidiary of the Marine Harvest Group, has announced it has completed the purchase of Highland Fish Farms for a totla of 4.1 million.

Pan Fish Scotland has been leasing the sites Loch Torridon, Loch Carron, Skye and Loch Ness from Highland Fish Farms since 2002. The management agreement under which the leasing was agreed contained an option for Pan Fish Scotland to purchase. This option has now been exercised.

The purchase is allowing Pan Fish Scotland to be more cost-effective in the long term, as well as securing for future production volumes. Especially the future freshwater capacity is secured as Pan Fish Scotland now owns a unique smolt site in Loch Ness.