Commission – Sanford Talks Conclude
The Treaty of Waitangi Fisheries Commission confirmed today that it was no longer exploring merger possibilities with
publicly listed seafood company Sanford Limited.
A possible merger of Sealord Group Limited and Pacific Marine Farms Limited with Sanford was being discussed between the
parties.
Chairman Shane Jones said that while a merger was not being progressed, other opportunities would be looked at in due
course. “A full merger right now is not feasible. There were a number of issues that could not be satisfactorily
resolved by the boards of the respective companies,” he said.
“Discussions between the companies were positive and amicable and in fact highlighted a number of areas in which the
Commission’s companies and Sanford might be able to work together to our mutual advantage; the potential for this would
be explored in the future,” Mr Jones said.
The Commission believed there were considerable opportunities for rationalisation to occur in the fishing industry.