Australia’s leading shellfish aquaculture company, Yumbah, has completed a takeover bid to acquire East 33 (ASX:E33).
East 33, Australia’s largest vertically integrated Sydney Rock Oyster producer, processor and distributor, will be delisted and integrated into Yumbah before the end of 2024.
East 33 CEO Justin Welsh will join the Yumbah executive team.
Yumbah farms abalone, oysters and mussels at sites in South Australia, Victoria and Tasmania.
With East 33 in its portfolio Yumbah strengthens a business model underpinned by producing a diversity of shellfish species across different geographies.