New Zealand company Sealord has said that it plans to sell its South Island mussel farming and processing assets, due to a focus back on its core fishing business.

“We have made a pragmatic business decision about where Sealord needs to focus our resources to keep our business successful and enable it to grow,” said Mr Strang. “We are confident in the future outlook for our New Zealand fisheries and for the Vickerman Street processing facility and expect to continue to back this confidence with further investment in our people and facilities.”