Morpol ASA has acquired 100% of Brookside Products Limited, a processor of smoked salmon based in Cumbria, UK. The annual production capacity of Brookside is about 1.500 tonnes finished products. Expected turnover for 2010 is GBP 12 million.
The total transaction is settled by a combination of cash and an earn-out clause with a maximum transaction price of below GBP 1 million.
Brookside Products currently has an estimated market share of 10% of the UK smoked salmon market. Morpol will use Brookside as a platform to further strengthen its position in this important market.
Synthethic Genomics, ExxonMobil to develop algae biofuels United States
Synthetic Genomics Inc announced a new co-funded research agreement with ExxonMobil to develop algae biofuels from strains with significantly improved production characteristics by employing synthetic genomic science and technology.
Cesium findings in eel coverup reported Japan
A scientist has admitted having detected radioactive cesium in eels caught in a boundary river between the Tokyo and Chiba prefectures but claims local governments took no action for nearly two months despite having informed authorities promptly.
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