Southern Ocean Trout is based at Macquarie Harbour on Tasmania's west coast and Huon will aquire an 80 hectare lease, a processing plant at Strahan and a hatchery on the River Derwent.
Huon Aquaculture's co-owner, Peter Bender, plans to start farming Atlantic salmon in Macquarie Harbour and wants to grow an extra 300,000 tonnes of fish a year, ABC News reports.
"That'll eventually give us a 20 per cent boost in our turnover and sales", Mr Bender told ABC.
"It's deep, brackish water layer is suited to growing fish for the March, April and May period.
"This means fish normally harvested in the South-East in May can now be left until June, giving our customers access to consistently sized fish every week of the year."
Based in Hideaway Bay near the mouth of the Huon River, it is Australia’s second-largest producer of Atlantic salmon, supplying both national and international markets with a consistently high-quality product.
Huon Aquaculture was established in the Huon Estuary in 1988 and now employs more than 380 staff.
Salmon Farm Expands
AUSTRALIA - Tasmania based Huon Aquaculture is expanding with teh purchase of Southern Ocean Trout.