Ilinois, US-based processor and distributor Fortune International announced the purchase of the St. Louis and Kansas City operations of Golden Valley, Minnesota-headquartered Morey Seafood International on Thursday.
The acquisition, set to close April 1, will expand Fortune's brand with additional processing and distribution facilities which will allow it to increase its "service level and footprint in the current market", the company said.
Fortune will continue to operate the business out of the Morey’s St. Louis facility. The facility will be transitioned to Fortune Fish’s inventory management system in the next two months "for uniformity and efficiency", the company said. This purchase involves only the St. Louis and Kansas City operations of Morey’s and does not include its Minnesota manufacturing or distribution operations [...]
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