Clean Seas Shareholders OK Yumbah Aquaculture Takeover
Earlier today, shareholders at Clean Seas Seafood Limited (Clean Seas) voted to move forward with Yumbah Aquaculture Ltd.’s (Yumbah) acquisition of the seafood company.
Both companies are based in Australia, with Yumbah operating its vertically integrated shellfish farms in South Australia, Victoria, Tasmania, and New South Wales, while Clean Seas farms its fish in the cold waters of the Spencer Gulf in South Australia.
The acquisition merges together Yumbah’s production of abalone, oysters, mussels, aquafeed, and oyster spat with Clean Seas’ farmed yellowtail kingfish.
This decision comes after Clean Seas’ initial announcement...
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