‘The largest financial transaction in the seafood sector’: Sealord buys Independent Fisheries

Sealord chief executive Doug Paulin. (Image: Sealord)

Fri, 15 Sep 2023

Sealord is set to become the country’s biggest seafood business after announcing it has entered into an agreement to buy privately owned Independent Fisheries, one of New Zealand's largest deep-sea fishing companies.In the company’s announcement, Sealord described the deal as “the largest financial transaction in the seafood sector” since the Sealord deal in 1992, which was part of the Māori Treaty Settlement. That Sealord deal had a total value estimated at about $500 million, but a Sealord spokesperson on Frid...

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