Skip to content.
Updated at 9:43 pm on 6 July 2012
Seafood business Sanford has sold 16 Pacific oyster farms in Northland to Aotearoa Fisheries.
Managing director Eric Barratt says the listed company closed its Kaeo processing plant in December because of a herpes virus killing juvenile oysters.
"We're removing the equipment out of the factory," says Mr Barratt. "The farms remain ... but we just wanted to be out of the Pacific oyster business, and this was a good transaction from both sides".
Mr Barratt won't disclose the sale price but says that until the herpes incursion the oyster operation had been worth about $4 million a year in revenue to the company.
Copyright © 2012, Radio New Zealand
Audio is categorised based on the frequency of the programme it was heard in. Click on the headings below to access the programmes. For the most recently published audio, go to the latest audio page.
Streams are in Windows Media format. Mac and Linux users may need to install additional software. Get help with audio
A selection of music interviews, reviews, videos, concerts, sessions, and performances.
Downloads and podcasts are available for selected programmes. Our podcast page has a complete list of feeds.
Help on using online audio: formats, software, podcasts, downloading, and troubleshooting.