Tassal is now part of Cooke Inc., one of the largest global aquaculture and seafood family of companies.
Tassal Group
Tassal Group Limited has received $5M in support from the West Australian Government’s Investment Attraction Fund. This will help the Group to consolidate operations of its barramundi farm, Australia's only ocean-based barramundi farm at Cone Bay.
Regarding this fund, Managing Director and CEO Mark Ryan said: "We’re so grateful to the Cook Government, in particular Minister Punch, for their support today and across the past six months or so."
"This funding will help Tassal to enhance the farm at Yaloon/Cone Bay and expedite our plans to grow sustainably into the Buccaneer Archipelago. That means more jobs and more economic activity in the Kimberley," he explained.
Also, the Group has detailed that it will improve the new pens and nets, smart farming technology, a feed barge, and upgrades to marine vessels.
During the last months, Tassal has talked with local stakeholders like Mayala, Yawuru, and other Traditional Owners. "This has been so valuable and we thank everyone for their warm welcome to the Kimberley, their insights, and good faith," Ryan concluded.
Last year, Tassal acquired MPA Fish Farms Pty Ltd and MPA Marketing Pty Ltd (“MPA”), which operate Australia's only ocean-based barramundi farm at Cone Bay, Western Australia. Therefore, it secured the future of more than 50 local jobs in the Kimberley region.
Back then, Ryan expressed: "We are excited to bring world-class engineering, technology, innovative equipment, and 36 years' experience in aquaculture to operating this barramundi farm."
In 2022, Cooke Inc., the parent company of Cooke Aquaculture Inc. of New Brunswick, Canada, announced the completion of the acquisition of Tassal Group Limited of Australia.