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Huon Aquaculture Group

June 2024

Tassal fish pens in Tasmania.

Big salmon hooks a sick media industry

Swaths of the Tasmanian media market have been gobbled up by a Liberal-linked PR firm. Its most recent client is the powerful salmon industry.

  • Mark Di Stefano

July 2023

Joesley Batista confessed to bribing 1829 Brazilian politicians and officials.

JBS Australia prepares for 1500 Brazilians

Wait until you hear of the good deeds of JBS Without Borders’ roving abattoir workers.

  • Myriam Robin

August 2022

Australia’s largest Tasmanian salmon producer has finally accepted a takeover offer from Cooke Inc.

Canadian suitor lands Tassal with $1.1b offer

Cooke Inc. has finally won over the salmon farmer’s board after losing out to Brazil’s JBS in last year’s fight for rival Huon Aquaculture.

  • Updated
  • Brad Thompson

November 2021

Huon Aquaculture’s new chief executive Phil Wiese says the restaurant trade has picked up again while grocery sales are staying strong.

Brazilian meat giant JBS says fish farming has big upside

JBS Australia has just acquired Tasmanian salmon group Huon for $425 million, and says the industry needs to sell its virtues better.

  • Updated
  • Simon Evans

October 2021

The $425 million takeover of salmon farmer Huon Aquaculture by Brazilian meat group JBS has been approved by shareholders.

Forrest backs $425m buyout of Huon Aquaculture by Brazil’s JBS

Iron ore billionaire Andrew Forrest ended up backing the $425 million buyout of the Tassie salmon group after criticising it in the lead-up.

  • Simon Evans
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“I didn’t invest in Huon to create a rival takeover proposition. I invested in Huon because I believed they wanted to be leaders in truly sustainable salmon farming,” Mr Forrest said.

Forrest in last-ditch bid to rattle Huon deal

Andrew Forrest has indicated he won’t back the takeover of salmon farmer Huon by Brazilian processor JBS unless it commits to higher animal welfare standards.

  • Lucas Baird
FIRB has approved the takeover of salmon farmer Huon Aquaculture by Brazilian meat group JBS.

Brazil’s JBS wins FIRB approval in Huon salmon bid

Huon’s shareholders will vote on the $3.85 per share buyout proposal by the Brazilian meat giant on Friday.

  • Updated
  • Simon Evans
Huon Aquaculture's Frances and Peter Bender together own about a 66 per cent stake in the company.

Below the surface in the battle for Huon

The Foreign Investment Review Board is examining applications to buy Huon Aquaculture from Brazil’s JBS and Canada’s Cooke Seafood.

  • Jemima Whyte

August 2021

The game is still in play for salmon farmer Huon Aquaculture.

Bender family has many Huon entanglements

On top of their wages, Frances and Peter Bender also made money off related-party transactions. 

  • Myriam Robin
Huon Aquaculture has dived to a big full-year loss.

Huon sinks to big loss as Forrest looks to torpedo JBS takeover

There has been a fresh twist in the takeover tale for salmon farmer Huon Aquaculture as it reports a big loss.

  • Brad Thompson
Andrew Forrest is opposed to the takeover of Huon by JBS.

Huon takes aim at Forrest over takeover tactics

Huon Aquaculture has vowed it will not be distracted by Andrew Forrest’s attempt to derail its takeover by Brazilian meat processing giant JBS.

  • James Thomson
Andrew Forrest’s investment fund Tattarang is pushing for change at JBS.

Andrew Forrest turns up heat on JBS over Huon deal

The billionaire has ramped up his campaign against the takeover of salmon farmer Huon Aquaculture by Brazilian agribusiness giant JBS.

  • James Thomson
There’s three main salmon farmers in Australia.

Huon may be his top pick, but there’s other salmon targets for Twiggy

Although not many, there are definitely other fish in the sea for Andrew Forrest.

  • Anthony Macdonald and Yolanda Redrup
It isn’t Melbourne investment banker David Williams’ first foray into the salmon game.

JBS has Scott Mitchell to soften the blows

Countering any qualms is well-connected ex-Nationals director Scott Mitchell, whose lobbying firm began working for JBS in 2017.

  • Myriam Robin
Fortescue Metals chairman Andrew Forrest made his fortune in iron ore.

Andrew Forrest forgets how he got here

How is Australia’s richest man allowed to skim over the plain fact his fortune is the product of massive pollution?

  • Updated
  • Joe Aston
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Yumbah Aquaculture’s abalone farms located close to Portland.

Shellfish farmer Yumbah on spending spree amid Huon cry

Yumbah Aquaculture is raising $25.5 million for an oyster farm acquisition in Tasmania as Andrew Forrest and the billionaire Batista family behind JBS trade blows over the future of the Huon salmon operations.

  • Brad Thompson
David Williams says JBS could still run into issues with the Foreign Investment Review Board.

Tattarang, Cooke not done fishing for Huon

While JBS seemed to play its trump card last Friday, there could still be more to come on Huon if the FIRB gets involved.

  • Anthony Macdonald and Yolanda Redrup
Andrew Forrest’s Tattarang could decide the fate of the takeover of Huon.

Forrest threatens to block Huon sale on green grounds

Andrew Forrest has emerged as the kingmaker in the $550 million takeover of Tasmanian salmon farming group Huon Aquaculture by Brazilian meat giant JBS, and demanded they commit to higher farming and environmental standards.

  • Updated
  • James Thomson
The game is still in play for salmon farmer Huon Aquaculture.

Little room to move in JBS’ Huon bid, but something is fishy

The market is still waiting to find out if Tattarang has bought up more Huon shares, but the multiple JBS was willing to pay for Huon suggests there’s limited room for another bid.

  • Anthony Macdonald and Yolanda Redrup
Street Talk.

Huon shares fly, fingers point to Forrest

Brazilian meat giant JBS has a battle on its hands at salmon farmer Huon Aquaculture. 

  • Anthony Macdonald and Yolanda Redrup

Original URL: https://www.afr.com/company/huo-qg