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Sealord’s mega-deal redefines NZ seafood industry

Commerce Commission satisfied acquisition of Independent Fisheries unlikely to substantially lessen competition in any New Zealand market.

The Commerce Commission has approved the acquisition of Independent Fisheries by Sealord.

Liam Rātana Wed, 15 Nov 2023
Key points
  • What’s at stake: Sealord has become NZs largest seafood business, marking the biggest industry transaction in 30 years.
  • Background: Sealord, a major seafood player since 1961, influenced by the 1992 Māori fishing rights settlement, acquires Independent Fisheries, a key industry entity since 1956.
  • Key players: Sealord, Moana New Zealand, Nissui Corp, Independent Fisheries, Commerce Commission, Jamie Tuuta, Mark Allison.

The Commerce Commission's approval yesterday of the acquisition of Independent Fisheries by Sealord marks another step to the completion of the largest transaction the industry has seen in 30 years. The acquisition will make Sealord New Zealand’s biggest seafood business, seeing it surpass the

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Liam Rātana Wed, 15 Nov 2023
Contact the Writer: liam@nbr.co.nz
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Key points
  • What’s at stake: Sealord has become NZs largest seafood business, marking the biggest industry transaction in 30 years.
  • Background: Sealord, a major seafood player since 1961, influenced by the 1992 Māori fishing rights settlement, acquires Independent Fisheries, a key industry entity since 1956.
  • Key players: Sealord, Moana New Zealand, Nissui Corp, Independent Fisheries, Commerce Commission, Jamie Tuuta, Mark Allison.
Sealord’s mega-deal redefines NZ seafood industry
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