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AUSTRALIA - AQAFOOD chief executive Laurie Ziatas expects his company to become one of Australia's largest aquaculture food exporters, offering a "basket of seafood" products to overseas markets.

His start-up company has already drawn a high-profile investor, with ASX-listed Futuris taking a 50 per cent stake of subsidiary Aqa Oysters for an undisclosed sum last month.

The investment gives Aqa Oysters the means to gain a 60 per cent share of Australian Pacific oyster production within 12 months through acquisitions of rivals and organic growth, he said.

Aqa Oysters has been on a multimillion-dollar spending spree, buying 10 quality oyster farms this year – eight in SA and two in Tasmania – with expectations of adding another 10 farms to its portfolio.
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Source: News.com.au