Tattarang has increased its substantial shareholding in Huon Aquaculture Group as part of its strong commitment to supporting the ongoing and sustainable growth of Australia’s aquaculture industry.
Tattarang Chair Dr Andrew Forrest AO said Australia’s aquaculture industry faces real and immediate challenges and Huon has an opportunity to set new standards for environmental sustainability and animal welfare.
“Our investment in Huon represents a clear commitment to achieve the industry change we want to see,” Dr Forrest said.
“Huon have demonstrated they want to be leaders in the pursuit of sustainable salmon farming practices but my aspirations for this company are even greater. And there are a range of steps that can be taken by new ownership to achieve this. They include the replacement of fish from fishmeal, moving to completely carbon neutral production and applying leading animal welfare standards and practices.
“We must all rise to the biggest challenge of Australia’s agricultural sector – food security and sustainability. Sustainability is the one factor that will guarantee jobs in agriculture, food on our plates and farming practices that protect the planet, not harm it.”
Tattarang is one of Australia’s largest private investment groups and is owned by the Forrest family with a portfolio that spans across agri-food, energy, resources, property and lifestyle.
This includes the group’s agri-food business, Harvest Road, which is one of Australia’s largest and most diverse agricultural companies and includes Leeuwin Coast, the group’s aquaculture brand launched in 2020.
Tattarang’s investment team will continue to review the specific shareholder offer as part of its investment position.