Scoop has an Ethical Paywall
License needed for work use Register

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


Sealord Seeks Clearance To Acquire Independent Fisheries

The Commerce Commission has received a clearance application from Sealord Group Limited (Sealord) seeking clearance to acquire the fishing business of Independent Fisheries. Under the proposed acquisition, Sealord would acquire 100% of the shares in Independent Fisheries Limited (including its annual catch entitlement), and other assets including quota, annual catch entitlement, premises, plant and equipment from IFL’s parent company Independent Fisheries Holdings Limited and its related entities.

The Sealord Group is one of the largest seafood businesses in the Southern Hemisphere, employing over 1000 people in New Zealand, and is operated out of Nelson. It is a wholly-owned subsidiary of Kura Limited which itself is owned in equal shares by Nissui Corporation and Aotearoa Fisheries Limited (trading as Moana New Zealand).

Independent Fisheries, like Sealord, is one of the largest deepwater fishing companies in New Zealand, with over 500 staff and vessel crew.

Both parties are primarily active in New Zealand in the harvesting, processing and supply of a range of finfish species. Each processes and exports the large majority of the fish that it catches.

A public version of the clearance application will be available shortly on the Commission’s case register.


We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.

Further information explaining how the Commission assesses a merger application is available on our website.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
Business Headlines | Sci-Tech Headlines

FMA: MAS To Pay $2.1M Penalty For Making False Representations

Following proceedings brought by the FMA, MAS has been ordered to pay a $2.1M penalty for making false and/or misleading representations to some customers. MAS admitted failing to correctly apply multi-policy discounts and no claims bonus discounts to some customers, failing to correctly apply inflation adjustments on some customer policies, and miscalculating benefit payments.More

IAG: Call On New Government To Prioritise Flood Resilience

The economic toll of our summer of storms continues to mount, with insurance payouts now topping $1B, second only to the Christchurch earthquakes. AMI, State, & NZI have released the latest Wild Weather Tracker, which reveals 51,000 claims for the North Island floods & Cyclone Gabrielle, of which 99% (motor), 97% (contents), and 93% (home) of claims have now been settled. More


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.