July 12, 2010

Scottish salmon company rebranded

Lighthouse Caledonia, which has its headquarters in Edinburgh and farms across west Scotland, has changed its name to The Scottish Salmon Company.

The company, which was on the brink of collapse in 2008, was rescued by an investment deal worth GBP17 million (US$25.45 million). It went on to report a record set of profits.

Environment Minister Roseanna Cunningham has supported the firm's decision to be rebranded.

She said aquaculture was an important asset to Scotland's rural economy.

Primary salmon production each year generates more than GBP35 million (US$52.39 million) in local wages primarily in the Highlands, Shetland, Argyll and Bute, Western Isles and Orkney, she said.

"Better marketing of farmed fish, along with measures to manage planning and development and encourage training and development, are all part of Scotland's aquaculture future," she added.