Brazilian meat giant JBS flags further aquaculture investment following Huon purchase
· JBS has been visiting Huon Aquaculture sites this week
· The company is foreshadowing more investment in aquaculture
· JBS CEO Brent Eastwood has reassured Huon staff that it will be business as usual
By Fiona Breen and Tony Briscoe, ABC Rural Australia
11 Nov 2021
Executives from Brazilian meat processing giant JBS have been in Tasmania surveying its new seafood company Huon Aquaculture ahead of its takeover next Wednesday.
Already, the company's Australian chief, Brent Eastwood has foreshadowed further investment in aquaculture in the country.
"This will be our first foray into aquaculture," he said.
In Tasmania, JBS joins Tassal — Australia's biggest atlantic salmon producer and the only publicly listed salmon company — and Petuna, which is owned by the New Zealand-based business Sealord Group.
Last month Australia's Foreign Investment Review Board green-lit a takeover plan by JBS.
The takeover bid, announced in August, valued the company founded by Tasmanians Peter and Frances Bender at about $550 million, including debt.
No onshore salmon farming for Huon ...
Business as usual for Huon ...
JBS put on notice ...