Sea Harvest | Abalone farm and cheese factory visit
Avior recently hosted Sea Harvest and Brimstone on a site visit to Sea Harvest's aquaculture and cheese operations in Buffeljags and Ladismith respectively. We also visited one of Ladismith Cheese's largest milk suppliers. The two companies are recent acquisitions of Sea Harvest and serve to diversify its operations. The operations are sophisticated and well-run operations. We believe both businesses should prove to be earnings and value accretive to Sea Harvest over time.Sea Harvest Group Limited, formerly Sea Harvest Holdings Proprietary Limited, is engaged in fishing of Cape hake and Shark Bay prawns; processing of the catch into frozen and chilled seafood, and the marketing of these products, locally and internationally in a seafood market. It operates in two segments: South African Operations and International Operations. The South African Segment comprises fishing operations within South Africa relating to fishing of Cape hake and by-catch species, the processing of the catch into frozen and chilled seafood products and the marketing and distribution of these products locally and across 22 international markets. The International Segment comprises the operations of Mareterram. The main operations of Mareterram comprises the trawling, processing, marketing and distribution of Shark Bay prawns, scallops and crabs, and a foodservice sales and distribution business, which distributes a basket of products into the Australian food service market.
Avior is a globally recognised capital markets research and trading firm, with the broadest research coverage within the region, with 100+ SA and 20+ SSA companies under coverage. Avior services clients from offices in London, Cape Town and Johannesburg.
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