Sea Harvest Announces The Acquisition Of Australian Fishing Business MG Kailis
Sea Harvest Announces The Acquisition Of Australian Fishing Business MG Kailis. South African company Sea Harvest has announced that it has acquired the fishing businesses of Australian company MG Kailis.
Sea Harvest released a statement regarding the acquisition, it said, “Shareholders are advised that, further to the announcement released on SENS on 11 January 2022 relating to the acquisition of the Western Australia based fishing businesses of MG Kailis, all the conditions precedent as set out in that announcement have now either been fulfilled or waived, as the case may be. Accordingly, the transaction is now unconditional and was completed with an effective date of 23 May 2022.”
From a humble fishing company established in 1964, the Sea Harvest Group has grown to become a leading seafood, aquaculture, agri-processing and branded Fast-moving Consumer Goods (FMCG) business that’s recognised and respected throughout South Africa and the world. The group has built its national and global footprint, developing a strong reputation and fostering solid long-term relationships with its geographically diverse international customer base. The Sea Harvest Group is a Level 1 contributor in terms of the South African Department of Trade and Industry’s broad-based black economic empowerment (B-BBEE) scorecard. This has been achieved as a result of our dedication to the economic and social transformation of South Africa, especially within the local communities in which it operates.
MG Kailis is a leading company within the Australian seafood industry. The company’s operations span all facets of the industry, from catching to production, marketing and trading. Founded in 1962 by the late Michael George Kailis and his wife Dr Patricia, the MG Kailis Group remained a proud family owned company until this acquisition by Sea Harvest.
