Acadian Seaplants Acquires Uist Asco

JUNE 6, 2017. DARTMOUTH, NOVA SCOTIA, CANADA –  Acadian Seaplants Limited (ASL) is pleased to announce that, on June 2nd, it acquired Uist Asco Ltd., located on the Island of North Uist, Outer Hebrides, Scotland. Uist Asco specializes in the harvesting and processing of Ascophyllum nodosum and has been operating for four years. “This region of Scotland has a long and proud history of harvesting seaweed and creating jobs and economic growth from this renewable resource,” said President and CEO of Acadian Seaplants Limited, Jean-Paul Deveau. “Uist Asco is a superb example of the strong and deep Scottish tradition of seaweed harvesting on the Island. We are very much looking forward to continuing this time honoured tradition by sharing our technologies, expertise and making the investments necessary to address any challenges to ensure the local seaweed industry prospers.” This acquisition gives Acadian Seaplants a greater presence in Europe, which will further complement its Arramara Teoranta operation in Kilkieran, Ireland. “I expect tremendous synergies and sharing of personnel and expertise between the two European and Canadian operations for the benefit of all involved,” he added. Raghnall MacIain of Uist Asco Ltd. said, “We are very pleased with the level of investment that Acadian Seaplants brings to Uist Asco and their support for the harvesting industry in North Uist. We look forward to growth of both the company operations and the local seaweed industry.” Acadian Seaplants Limited, based in Nova Scotia, Canada, is a global, bio-tech company and the largest independent manufacturer of marine plant products of its type in the world. It is engaged primarily in the sustainable harvesting of wild seaweeds, in the development of technologies to process these renewable resources into value-added finished products and in the cultivation and processing of unique seaweeds, from the world’s largest landbased, commercial seaweed cultivation system. The company produces products for global food and agricultural industries. Its valueadded products are sold into health, nutraceutical, pharmaceutical, food, brewery and cosmetic markets; its agricultural business includes specialized animal feeds and crop biostimulants and nutritional products. Ninety-five percent of its products are exported to over 80 countries. For further information, contact: Linda Theriault Director, Corporate and Government Relations Acadian Seaplants Limited [email protected] T: +1 902 468 2840, F: +1 902 468 3474 www.acadianseaplants.com]]>