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Salmon group Tassal in a sweet spot, says CEO

Simon Evans
Simon EvansSenior reporter

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The chief executive of takeover target Tassal Group says the company is in a a “neat position” because it has passed through a period of heavy capital spending and is set to lift sales and profit growth as demand for salmon outstrips supply.

Mark Ryan said on Wednesday that a shift to healthier eating is gathering pace and salmon is one of the healthiest foods, while it also has a low carbon footprint in the production chain compared with other options such as red meat.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/agriculture/salmon-group-tassal-in-a-sweet-spot-says-ceo-20220629-p5axje