Stolt Sea Farm Acquires Eicosal.Business Editors LONDON--(BUSINESS WIRE)--July 3, 2001 Stolt Sea Farm Holdings plc (SSF), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Stolt-Nielsen S.A. (Nasdaq: SNSA; Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. : SNI) today announced it has purchased the 87.5% of Eicosal S.A. in Chile which it does not already own from Pathfinder, Rabobank, and Dyfed Holdings. With this acquisition, SSF will have a total production capacity in the 10th region in Chile of some 30,000 metric tons of Atlantic salmon, coho and trout. In addition, SSF will own 15 unused licenses in 11th region and have applications pending for 30 more. With Eicosal, SSF has acquired the most advanced brood stock and fresh water fry and smolt smolt young salmon on its way downriver en route to the sea; covered with distinctive silvery scales. program in the industry as well as a state of the art plant with 35,000 metric ton processing capacity located near Puerto Montt. Niels G. Stolt-Nielsen Niels G. Stolt-Nielsen (born January 23, 1965) is a Norwegian business leader, living in England. Since 1996 he has served as director of Stolt-Nielsen S.A., a trans-national seafood company, and since 2000 he has been the company's chief executive officer, taking over after his , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SSF said, "Of the major salmon producing regions, Chile is the fastest growing and offers a low cost, quality source of supply to meet the growing demand for salmon in the important U.S. and Asia Pacific markets." SSF produces and markets a variety of high quality marine species and is one of the world's largest producers of Atlantic salmon and salmon trout with presence in all the major salmon farming regions (North America, Norway, United Kingdom and Chile). SSF is the world's leading producer of farmed turbot, halibut, sturgeon, caviar, bluefin tuna, and also produces tilapia tilapia (təlä`pēə) or St. Peter's fish, a spiny-finned freshwater fish of the family Cichlidae, native chiefly to Africa and the Middle East. in North America. The Company's products are sold world wide under the Sterling brand name through an in-market sales network in all three major seafood markets (Asia, U.S. and Europe). This news release contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual future results and trends could differ materially from those set forth in such statements due to various factors. Additional information concerning these factors is contained from time to time in Stolt-Nielsen S.A's U.S. SEC filings, including but not limited to Stolt-Nielsen S.A.'s report on Form 20-F for the year ended November 30, 2000. Copies of these filings may be obtained by contacting Stolt-Nielsen S.A. or the U.S. SEC. |
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