National seafood group KB Seafood will be taking over operational control of Indian Ocean Rock Lobster's Cervantes processing facility, in a move that doubles its capacity in WA.
Seafood group KB Australia has sold most of its local rock lobster pots for about $10.5 million, but remains a major player in the sector under lease deals.
KB Australia's revenue was down $77 million in the 2020 calendar year after a drop in sales, but the seafood company still managed to post a $1.6 million profit.
Major WA agribusinesses plan new investments to create scale and efficiency, while smaller operators are cooperating to access new markets with niche products.
SPECIAL REPORT: Western Australia's five biggest agribusinesses are earning about $5.5 billion in revenue annually, according to the latest BNiQ Search Engine data, down from $5.8 billion when the list was last published 18 months ago.
The Kailis family has folded its Kailis Bros seafood business into a larger, newly-capitalised venture called KB Foods that will be 90 per cent owned by Hong Kong-listed conglomerate Legend Holdings. Click through to see the multiple WA businesses owned by members of the Kailis family in WA.
