Deals
Sanford Buys Pacifica Seafoods Unit for NZ$85 Million
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Sanford Ltd., New Zealand’s biggest publicly traded fishing company, agreed to buy the mussel and pacific oyster unit of Pacifica Seafoods Group.
The assets include 70 marine farms, 800 mussel growing lines, a processing plant and 10 vessels, Auckland-based Sanford said in a statement sent to the stock exchange. The purchase prices is NZ$85 million ($66 million), it said.