32 jobs saved after Wales fish farm finds new owner
24/01/2012 11:08
A £40,000 grant from the Wales' assembly government has secured 32 jobs as well as the fishing industry in the country.Workers at a sea bass fish farm in Anglesey were saved from losing their employment positions after a deal was done for the company to find it new owners.
Welsh assembly enterprise minister Edwina Hart said that the grant paid to save thousands of fish which would have cost the company valuable stock losses.
Cash paid for oxygen to be pumped to the sea bass at the former Selonda plant at Penmon.
In a letter to the Conservative party member Antoinette Sandbach, Mrs Hart said that the company had approached the government regarding cash flow problems, BBC News reports.
"[The grant] enabled the company to keep the current stock of fish alive in the short term whilst alternative arrangements for ownership of the site were explored with administration Pricewaterhouse," she added.
Furthermore, Ms Hart commented: "The sea bass farm has now been sold to Anglesey Aquaculture Ltd who now own and manage the site securing both the facility and the jobs."
The fish farm, established in 2002, produces 1,000 tonnes of sea bass every year.
New owners of the facility said at the beginning of January that the takeover provides room for future opportunities for growth.
Click here for more employment opportunities from Randstad
