Salmon Smolt NZ cleared to acquire assets of Silverstream Hatchery from NIWA
Published30 Oct 2008
The Commerce Commission has granted clearance to Salmon Smolt New Zealand Limited to acquire the assets of Silverstream Hatchery from the National Institute of Water and Atmospheric Research Limited (NIWA).
The Commerce Commission has granted clearance to Salmon Smolt New Zealand Limited to acquire the assets of Silverstream Hatchery from the National Institute of Water and Atmospheric Research Limited (NIWA).
Salmon Smolt New Zealand Limited is a joint venture formed by a number of firms, which are predominantly involved in salmon farming in the South Island: Mount Cook Salmon Limited, Akaroa Salmon New Zealand Limited, Island Aquafarms Limited, High Country Salmon Limited, Benmore Salmon 2001 Limited and Sanford Limited. NIWA is one of nine New Zealand Crown Research Institutes.
Silverstream Hatchery supplies fertilised salmon eggs and salmon smolt on a commercial basis to salmon farmers and recreational organisations.
Commerce Commission Chair Paula Rebstock said that the Commission was satisfied that the proposed acquisition will not have, or would not be likely to have, the effect of substantially lessening competition in any of the relevant markets.
A public version of the written reasons for the decision will be available as soon as practicable on the Commission's website www.comcom.govt.nz under the Clearances Register.
