December 16, 2015

Newcomer to the agribusiness sector in West Australia, Mareterram Ltd. (formerly Style Limited), announced it plans to list on the Australian Stock Exchange this month, according to ABC.

Mareterram, while it was still under the name Style Limited, ventured into agribusiness in June of this year when it acquired Nor-West Seafoods for $20 million. Soon after, in August, the company purchased the food services division of Craig Mostyn Group for another $3 million.

Since the mining and natural resources sector in Western Australia has contracted, agribusiness investments have been becoming more prevalent.

"Nothing is forever and mining will come back, but there is demand for premium protein products, such as wild-caught seafood,” said Kel Brown, former owner of Nor-West Seafoods reports ABC. "Protein should be an every-day pleasure and people are recognizing [sic], particularly in the stock market, that protein and food security is important."