Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Aquaculture Direct Limited Sells 50% To Envirostrat

Confidence in the growth potential of the aquaculture sector in New Zealand and abroad

Top of the South Island based Aquaculture Direct, one of the largest dedicated aquaculture consultancy businesses in New Zealand, today announced that it had sold 50 per cent of the company to natural resource and sustainability advisor Envirostrat. The agreement was completed in November and announced to staff and stakeholders today.

Both companies are leaders in sustainable utilisation of natural resources.

Aquaculture Direct provides comprehensive management solutions for the aquaculture industry, including resource consents, farm development, monitoring/compliance requirements, valued added product development and the day to day operational management of marine farms. The company has also recently celebrated 10 years in business.

Auckland based Envirostrat, led by Dr Nigel Bradly is a natural resource and sustainability advisor, and impact investment project developer, working alongside public and private organisations, iwi and other key stakeholders, to create and execute major environmental projects in New Zealand and offshore.

The purchase saw Aquaculture Direct founder and respected industry personality Graeme Coates sell his shareholding to Envirostrat. Coates remains as a director involved in the Aquaculture Direct business on a day to day basis, but no longer as a shareholder.

Aquaculture Direct is also growing its core management team and has recruited Rebecca Clarkson. Rebecca has been Environment Manager for Aquaculture New Zealand for the past 13 years and is highly regarded as a leader within the aquaculture industry.

Bruce Cardwell, joint founder and Managing Director of Aquaculture Direct, says Envirostrat brings complementary skills and offers a greater range of opportunities for the business that will position it for significant innovation and growth.

“Envirostrat has techno-economic unique skillsets in both coastal and freshwater sectors, whereas we are very specialised in aquaculture and working closely with the industry.

“We’ve collaborated with Envirostrat on several major projects recently; the combined experience and expertise has enabled both firms to achieve outcomes that neither of us would have had before,” he said.

Cardwell says Aquaculture Direct is well on the way to doubling the business over the next 12 months and also looking to expand into new regions throughout New Zealand. Currently, the business is primarily based in Blenheim and operates through the top of the South Island, but intends to expand its operations into Northland, Auckland, Waikato, Bay of Plenty, Canterbury and Southland regions.

“The Aquaculture sector is growing incredibly fast, but it has to be done properly,” says Cardwell.

“We are very pragmatic and business orientated, so we provide a critical go-between in terms of advice about what can be achieved in aquaculture, as opposed to what would be ‘nice to have’. The reality at present is that there's only a few species that are actually farmable and can make a return on their investment in New Zealand.

“Aquaculture Direct is very specialised - we're the only independent aquaculture consultancy business in New Zealand, so we know the people who are involved in the sector. There’s a large element of trust and respect that we've developed over the years. People like us to be involved in aquaculture projects because they know we'll give an accurate, experience-based assessment of potential and challenges.”

Cardwell believes that New Zealand can benefit from the economic, cultural and environmental opportunities that sustainably managed aquaculture can deliver.

“Environmental considerations are the priority for our industry. Everything has an impact, and we know exactly what our impact is. We're always careful because we're generally using public water space and we know that it's a privilege, not a right, to work in this space.”

“Obviously there's quite a bit of uncertainty right now and no one can say for sure what the export environment, in particular, will look like, but we know that globally there's an increased demand for protein. New Zealand has a good reputation as being a sustainable provider of premium seafood, so there's an expectation that that will continue to grow into the future,” Cardwell said.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

National: National Backs Businesses With $10k JobStart

National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced. Our JobStart ... More>>

ALSO:

DIY Law: Government Exempts Some Home Improvements From Costly Consents

Homeowners, builders and DIYers will soon have an easier time making basic home improvements as the Government scraps the need for consents for low-risk building work such as sleep-outs, sheds and carports – allowing the construction sector ... More>>

ALSO:

Media Awards: The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards

The New Zealand Herald has been labelled a “powerhouse news operation” as it claims the two biggest prizes – Newspaper of the Year and Website of the Year – along with many individual awards at the 2020 Voyager Media Awards Website of the ... More>>

ALSO:

ASB Bank: ASB Takes The Lead Again With New Low Home Loan Interest Rate

ASB has moved again to support its customers, cutting a number of home loan rates, including the two-year special rate to a new low of 2.69% p.a. Craig Sims, ASB executive general manager Retail Banking says the reduced rate will be welcome news for many ... More>>

ALSO:

Nathan Hoturoa Gray: The Problems With Testing And Case Statistics For Covid-19

To begin to understand disease transmission in a country requires adequate testing of your population with properly vetted, accurate tests. As the world struggles to find what 'adequate percentage' of the population is necessary, (estimates predict ... More>>

ALSO:

RNZ: Fletcher Building To Lay Off 1000 Staff In New Zealand

The construction company will cut around 10 percent of its workforce as it struggles with the fallout from Covid-19. More>>

ALSO:

Can Pay, Won't Pay: Cashflow Moves Urged

Government Ministers are asking significant private enterprises to adopt prompt payment practices in line with the state sector, as a way to improve cashflow for small businesses. More>>

ALSO:

Gordon Campbell: On Why We Should Legally Protect The Right To Work From Home

For understandable reasons, the media messaging around Level Two has been all about “freedom” and “celebration”, but this is not necessarily going to be a universal experience. When it comes to workplace relations, Level Two is just as likely to ... More>>

ALSO:



Auckland Airport: Thousands Of Kiwis Travelling For Queen’s Birthday Weekend


Confidence in domestic travel is beginning to steadily ramp up, with thousands of Kiwis travelling within New Zealand for Queen’s Birthday.
Nearly 400 flights will be operating to and from Auckland Airport over the long weekend... More>>

ALSO:

Science Media Centre: Understanding 5G Concerns – Expert Q&A


Recent attacks on cell phone towers have brought concerns over the rollout of 5G technology into sharp relief.
While scientific research has consistently shown that the technology does not adversely affect human health, public concerns about its impact have spread around the world, fueled in part by growing misinformation online. The SMC asked experts to comment... More>>

ALSO:


Trade: Record Monthly Surplus As Imports Dive

Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today. “This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest ... More>>

ALSO:


Media Blues: Stuff Chief Executive Buys Company For $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
The chief executive was returning the company to New Zealand ownership, with the sale is expected to be completed by 31 May.
"Our plan is to transition the ownership of Stuff to give staff a direct stake in the business as shareholders," Boucher said in a statement.... More>>

ALSO:

RNZ: Bar Reopening Night 'much, Much Quieter'

Pubs and bars are reporting a sluggish first day back after the lockdown, with the fear of going out, or perhaps the joy of staying home, thought to be a reason for the low numbers. More>>

ALSO:

Stats NZ: New Zealand’s Population Passes 5 Million

New Zealand's resident population provisionally reached 5 million in March 2020, Stats NZ said today. More>>

NIWA: Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist

Seven weeks of lockdown has provided evidence of how pollution can vanish overnight with benefits for the environment and individuals, says NIWA air quality scientist Dr Ian Longley. Dr Longley has been monitoring air quality in Auckland, Wellington ... More>>

ALSO:

Government: Milestone In Cash Flow Support To SMEs

A significant package of tax reforms will be pushed through all stages in Parliament today to throw a cash flow lifeline to small businesses. More>>

ALSO: