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Analysis

American Pride takeover is scallop boost for High Liner

Deal will also take High Liner’s profit closer to its $150m target, but company will probably need at least one more acquisition to hit this figure, says analyst

By Eva Tallaksen and Jeanine Stewart | Oct. 2, 2013 03:03 BST
High Liner needs to spend big on M&A to hit 2016 earnings target, says analyst
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High Liner Foods’ $50 million purchase of American Pride Seafoods will boost High Liner’s leadership position in the US foodservice frozen seafood value-added segment, while giving it significant US-based scallop processing operations, said Robert Gibson, analyst at Octagon Capital [...]

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Contact the authors [email protected], [email protected]

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