Barramundi Group sells 75 percent stake in Australia business

Singapore-based Barramundi Group announced 27 December, 2022, it has agreed to a strategic partnership with Wild Ocean Australia on its Australia business.

Following the partnership with Wild Ocean, Barramundi Group will continue to develop the “Kimberley Ocean Barramundi Project,” which includes MPA’s 13 seawater sites that will be able to produce 30,000 metric tons (MT) per year of barramundi, the company said.

Wild Ocean runs a processing, value-adding, and distribution business in Darwin City, located in Australia’s Northern Territory. The company supplies wild-caught fish to retail operators across Northern Territory, including Woolworths and Coles, and to markets in other regions of Australia including Cairns, Brisbane, Sydney, Melbourne, and Perth, and its own Darwin Fish Market retail outlet supplies a variety of Australian seafood products to the Greater Darwin region. The company is also a ship chandler for various international cruise lines and the Royal Australian Navy …

Photo courtesy of Barramundi Group/LinkedIn