SCOTTISH SEAFOOD INVESTMENTS LIMITED, A JOINT VENTURE OWNED 33% BY THE SCOTTISH SALMON COMPANY, CONCLUDES ITS INITIAL INVESTMENT INTO ASSOCIATED SEAFOOD LIMITED

The Scottish Salmon Company PLC ("SSC") is pleased to announce that Scottish Seafood Investments Ltd. ("SSI"), a joint venture owned 33% by SSC has completed its initial investment into Associated Seafoods Ltd ("ASL").  ASL is a Scotland-based holding company set up by an experienced management team, with an objective to invest into value-added processing of seafood. ASL will concentrate on value-added processing of salmon (smoking, ready-to-cook, ready-to-eat, etc.) and adding other species to complement its value-added offering.

 ASL has in turn completed its first acquisition, with funding for the acquisition coming from SSI and other ASL investors.  ASL has acquired 100% of the ordinary equity of Lossie Seafoods Ltd ("LSL"), a Scottish premium salmon smoker.   

For Information: www.scottishsalmon.com
Su Cox
su.cox@scottishsalmon.com
The Scottish Salmon Company

The Scottish Salmon Company is the leading independent producer of Scottish salmon, providing superior salmon to both the local and international markets. The Scottish based and operated company is a fully-integrated seafood company, built around the provenance, taste, freshness, sustainability and health benefits of its salmon product.

The Company is engaged in all stages of the value chain from smolt production to harvesting, processing and sales.  Operating from over 40 sites on the Hebrides and West Coast of Scotland, the company currently employs over 350 staff.  The Scottish Salmon Company currently produces about 24,000 tonnes of Scottish salmon annually, accounting for about 20% of Scottish production.