Stolt Sea Farm Holdings plc (SSF), a wholly owned subsidiary of Stolt-Nielsen S.A. (Nasdaq: SNSA; Oslo Stock Exchange: SNI) yesterday announced it has purchased from the Aqualande Group the 50% of Ferme Marine de l’Adour which it does not already own.
SSF is the world’s leading producer of farmed turbot and is expected to produce some 2,500 metric tons in 2001, more than 5 times the production of its nearest competitor. The Ferme Marine de l’Adour operations, located in Anglet, close to Biarritz in southwestern France, currently produce about 200 metric tons and have capacity for a total of 300 metric tons.
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Niels G. Stolt-Nielsen, CEO of SSF, said, “This acquisition will allow us to further improve the quality and efficiency of service to our customers in the French market, which is one of the most important for turbot. SSF’s turbot business is an excellent illustration of SSF’s lead among the major aquaculture companies in broadening its capabilities into profitable species beyond salmon.”
SSF produces and markets a variety of high quality marine species and is one of the world’s largest producers of Atlantic salmon and salmon trout with presence in all the major salmon farming regions (North America, Norway, United Kingdom and Chile.) SSF is the world’s leading producer of farmed turbot, halibut, sturgeon, caviar, and bluefin tuna and also produces tilapia in North America. The Company’s products are sold worldwide under the Sterling brand name through an in-market sales network in all three major seafood markets (Asia, U.S. and Europe.)
This news release contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Actual future results and trends could differ materially from those set forth in such statements due to various factors. Additional information concerning these factors is contained from time to time in Stolt-Nielsen S.A.’s U.S. SEC filings, including but not limited to Stolt-Nielsen S.A.’s report on Form 20-F for the year ended November 30, 2000. Copies of these filings may be obtained by contacting Stolt-Nielsen S.A. or the U.S. SEC.
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