Lucky Star owner Oceana sees a lot of runway ahead of it for organic expansion, saying it expects its canned fish brand to continue being boosted by cash-strapped consumers shopping down to more affordable food products.
In an interview with News24 after the release of results for the year ended September, CEO Neville Brink said there were also similar growth opportunities available to its fish oil and fish meal businesses, which feed into the burgeoning aquaculture market. Aquaculture generally refers to the farming of fish and other ocean-related products.
At the same, Brink also said the group was open to merger and acquisition activity as an avenue for growth, but would be prudent about any asset allocation.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
_Business Lucky Star isn't affordable to poor people
_Business tito_mboweni is smiling
_Business For many who have waited too long Aquaculture may now be out of their reach? The barriers to entry have intensified with climate change environmentalism governments interfering and additional pressure on local waters There are only two ways to compete throw lots money at it 1/2
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