MACDUFF Shellfish has acquired scallop fishing firm Scott Trawlers in a deal thought to be worth more than £10 million.
Dumfries-based Scott Trawlers employs 50 people and runs five vessels responsible for around 15% of UK scallop landings.
It also has three refrigerated lorries and an engineering arm focused on products for scallop fishermen.
The acquisition, backed by Royal Bank of Scotland, is the first time Macduff has purchased an entire fleet of fishing vessels.
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