Scots firm Landcatch takes 45 percent stake in Troutlodge
SEAFOODNEWS.COM [Press and Journal] By Keith Findlay - August 29, 2014 -
Scots firm Landcatch is taking a 45% stake in US fish breeder Troutlodge, making it the biggest single shareholder.
Financial details of the deal were not disclosed when Landcatch and its owner, Netherlands-based Hendrix Genetics, teamed up with Trout-lodge to announce a memorandum of understanding for the deal yesterday.
Landcatch is a leading supplier of Atlantic salmon eggs and juveniles. It also supplies genetic services to the global aquaculture industry.
Landcatch said its “groundbreaking” genetic research had led to technology which could help to protect farmed salmon against the scourge of sea-lice, which cost Scottish fish farmers tens of millions of pounds each year to control. Landcatch and Troutlodge, which is said to be the world’s biggest rainbow trout egg producer, hope their tie-up will lead to a bigger share of the Atlantic salmon and rainbow trout markets.
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