November 1, 2021 — Huon Aquaculture shareholders have approved a takeover bid by JBS Australia, a subsidiary of Brazilian meatpacking giant JBS.
At a 29 October company meeting, Huon shareholders offered more than 90 percent support to concurrent acquisition proposals put forth by JBS, which has agreed to pay AUD 3.85 (USD 2.82, EUR 2.39) per Huon share, a transaction worth around AUD 425 million (USD 313.5 million, EUR 266.1 million).
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August 19, 2021 — Cooke Aquaculture has confirmed its interest in purchasing Tasmania, Australia-based salmon-farming firm Huon Aquaculture, in the midst of a takeover bid from Brazilian meat processing giant JBS.
However, JBS has run into difficulty in the form of activist investor Andrew “Twiggy” Forrest, who has used his minority interest in Huon to push for increased environmental standards. In response, JBS issued a parallel bid for control of the company that seeks a 50.1 percent minimum acceptance condition. In a notice filed with the Australian Stock Exchange on 17 August, Huon announced JBS had upped its ownership to 40.53 percent of the voting power of the company.
May 4, 2017 — SAO PAULO, Brazil — The following was released by the Aquaculture Stewardship Council and the Marine Stewardship Council:
JBS, through 54 Swift shops in the Sao Paulo region of Brasil, have launched the first Aquaculture Stewardship Council (ASC) and Marine Stewardship Council (MSC) certified retail seafood product line in Latin America.
The initial product line includes a variety of ASC certified salmon products from Chile as well as tilapia from Brasil.
Further ASC certified products are planned, including trout and bivalves. Shrimp, either from Brasil or from Ecuador, is a priority.
The ASC is also planning to introduce Brazilian native species standards next year that will make it possible to have certified tambaqui, pirarucu, pintado and pacu available.
For the MSC, Alaskan pollock and chum salmon are part of the launch. Alaskan Pacific cod will soon be added and Atlantic cod products are at planning stage.
Paulo Christofani, the project Manager at JBS, said “we are extremely proud to be the first retailer in Latin America to launch an ASC/MSC product line. Sustainability is a priority for JBS and we aim to engage with our customers with marketing materials to inform and promote this initiative”.
Laurent Viguie, Latin American Manager for the ASC: “JBS/Swift have showed real initiative to launch this product range in Brasil. They are being very pro-active in encouraging their suppliers to achieve ASC certification. We hope that this will encourage more retailers in the region to follow their example”.
Brian Perkins, America Regional Director for the MSC said: “When people purchase MSC certified seafood, their choice supports fishermen around the world who are working hard to meet the world’s most rigorous standard for environmental sustainability of wild-capture fishing.”