October 26, 2014 3:46 AM ET

Food Products

Company Overview of Sealord Group Limited

Company Overview

Sealord Group Limited operates as a fishing company that specializes in processing and marketing seafood products. It engages in breeding, growing, and processing barramundi to supply fish wholesalers in Australia; processes fresh and frozen fish for retail stores in the United Kingdom; and imports canned seafood products, including salmon from Canada and Alaska, and tuna from Thailand. The company also has interests in joint venture partnerships in Australia; a seafood processing business in the United Kingdom; and a fishing business in Argentina. It serves wholesalers, hotel chains, airline caterers, and fast food chains in Asia; and food service businesses, restaurants, and supermarkets i...

Level 3, Building 8

666 Central Park

Ellerslie

Auckland,  7001

New Zealand

Founded in 1961

Phone:

64 9 579 1659

Fax:

64 9 525 3289

Key Executives for Sealord Group Limited

Chief Executive Officer
Chief Financial Officer
General Manager of Human Resources
General Manager of International Fishing
General Manager of Harvest Operations
Compensation as of Fiscal Year 2014.

Sealord Group Limited Key Developments

Sealord Plans to Cut Staff

Sealord's plan to cut staff at its Port Nelson complex will affect 150 people rather than the 97 mentioned by the group - but it says the process workers will likely all get new jobs quickly. The group had failed to mention about 50 workers supplied to Sealord by Advanced Personnel Services, some of whom had worked there for years. If they were included, estimated the Nelson economy would lose $5.25 million a year, based on an average $35,000 wage.

Sealord Group Limited Announces Executive Changes

Sealord Group Limited appointed Steve Yung as its next boss. Steve Yung, most recently managing director of McCain Foods in Australia and New Zealand will take over from Graham Stuart at the end of next month. Like Stuart, he will be based in Auckland Yung has worked in the food industry for 30 years and has experience in Canada as well as Australia and New Zealand.

Sealord Mulls Argentina Hoki Operation’s Sale

Sealord Group Limited might sell Argentina hoki operation. Sealord is on the verge of either a fire-sale of its disastrous Argentina hoki operation or forcing it into bankruptcy and walking away. Either of the option will leave the company with a $40 million loss. Nippon Suisan Kaisha is said to be trying to exit the company. Sealord Board chairman Matanuku Mahuika said Sealord wanted to be out of Argentina by the end of the company's financial year in September 2013. "The number we are giving them is in the vicinity of $40m," he said. "The situation has deteriorated where there are now no buyers. The whole industry is in a catastrophic state."

Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 18, 2014
Shuttlerock Ltd.
 

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