INVERLUSSA ACQUIRES MAJORITY STAKE IN LCL SHIPPING
Acquisition strengthens Inverlussa’s feed logistics operations and expands its presence in Shetland
Inverlussa has completed the acquisition of a 60% shareholding in LCL Shipping Limited, marking another significant step in the company's long-term growth strategy and strengthening its position within Scotland's aquaculture supply chain.
Based in Whalasy, Shetland, LCL Shipping is a well-established marine logistics business specialising in the transportation of aquaculture feed throughout Shetland. The company has built a strong reputation for reliable service over many years and will continue to operate under the LCL Shipping name.
As part of the transaction, Inverlussa will assume full day-to-day management of the business, while Biomar Ltd will retain its 40% shareholding.
The acquisition expands Inverlussa's feed logistics division, strengthens its presence in Shetland and adds a further three vessels to the Group's owned fleet. While two of these vessels have already been operating under bareboat charter to Inverlussa, bringing LCL Shipping into the Group provides a stronger platform for future investment and growth, complementing Inverlussa's existing marine services and strengthening the Group's feed logistics operations across Scotland.
LCL Shipping's existing crew will remain in place, ensuring continuity of service for customers while benefiting from the additional operational support, resilience and investment that comes from being part of Inverlussa.
Ben Wilson, Managing Director of Inverlussa, said:
"LCL Shipping has built an excellent reputation over many years, and we are delighted to welcome the business into the Inverlussa Group.
"This acquisition is about investing for the long term. LCL has a highly experienced team, strong customer relationships and an excellent operational track record. We believe bringing our businesses together creates an even stronger platform to support Scotland's aquaculture sector.
"Shetland is a hugely important part of the Scottish salmon industry, and this investment demonstrates our commitment to the islands and to providing customers with reliable, high-quality marine services for many years to come."
LCL Shipping will continue to operate from Shetland, with no changes to day-to-day operations or customer contacts.
The acquisition follows Inverlussa's recent investment programme, including three new hybrid vessels currently under construction, which are due to enter service during 2027.
Following the acquisition, Inverlussa employs around 146 people and owns a fleet of 23 vessels, providing a wide range of marine services to the aquaculture industry across Scotland.
