Yumbah Aquaculture acquires Eyre Peninsula Seafoods

Yumbah Aquaculture has completed its acquisition of Australian mussel farmer and processor Eyre Peninsula Seafoods.

Yumbah said the acquisition, which was completed for an undisclosed sum, provides a substantial boost to both its Port Phillip mussel business in Victoria, and its presence on South Australia's Eyre Peninsula where it produces abalone and oyster spat at Port Lincoln.

Eyre Peninsula Seafoods sells more than 2,300 tonnes of mussels under the Boston Bay Mussels and Kinkawooka Mussels brands throughout Australia and in export markets.

With this acquisition, Yumbah's group portfolio now includes:

• Mussel operations in Victoria and South Australia growing more than 2,600 tonnes a year
• Abalone production at four farms in Tasmania, Victoria, and South Australia producing more
  than 750 tonnes a year
• Production of more than 150 million oyster spat per year from South Australia and Tasmania hatcheries for farms in South Australia, New South Wales, and Tasmania
• Farmed mature oyster production of about 450,000 dozen a year from two sites in Tasmania,
  with investment committed to grow to 650 000 dozen
• A 37.5 per cent holding in ASX-listed Sydney Rock Oyster producer East 33