Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Nova Scotia seaweed processor purchases Irish firm with federal help

HALIFAX - A Nova Scotia seaweed processor has bought an Irish seaweed firm with the assistance of Export Development Canada.

Jean-Paul Deveau, president of Acadian Seaplants Ltd., says financing for the deal to buy Arramara Teoranta came from RBC and the federal loan guarantee.

He says the company intends to invest in research and product development at the Arramara Teoranta facility.

The company currently buys from about 250 seaweed harvesters in Nova Scotia and 900 in other locations.

It exports its products to more than 80 countries.

Acadian Seaplants makes seaweed-based products for food, animal feeds, and agricultural markets.

No financial details of the transaction were made available in a news release from Export Development Canada announcing the purchase.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media

Canadian Mortgage Rates