Andromeda Seafood Ltd has announced the completion of its strategic corporate reorganisation, placing all its operations under direct control of a Maltese group company.
Andromeda is a vertically integrated aquaculture company with operations in fry, fish farming and value-added processing. Andromeda operates in both Eastern and Western Mediterranean regions, reaching the homes of over 120 million customers in less than 48 hours from harvesting with high quality and fresh fish.
The company holds a strong track record in acquiring and integrating businesses, alsohaving successes in navigating the recently challenging financial and industry environment.
The reorganisation will see enhancements in Andromeda’s corporate structure and enable better group management by having a unique decision-making centre. In such a way, applying a common group strategy will be simplified and its operations improved.
Having all group operations consolidated under the same entity in an international setting will open new funding opportunities at a group level. It will provide Andromeda with flexibility for the next stage of its investment in Mediterranean aquaculture, capitalising on future growth opportunities.