Profand’s earnings drop 19% after not passing on higher costs to consumers
Profand, a key supplier to Mercadona, Spain's largest retailer, saw its earnings drop 19% in 2022 due to higher costs which the company did not pass on
Argentina’s Conarpesa steps up efforts to renew fishing fleet
Argentina's largest shrimp exporter plans to renew its fishing fleet in the coming years, thereby replacing its oldest vessels with new-built ones
Nueva Pescanova CEO says leaving is ‘difficult’ but new partner Cooke will bring growth
Ignacio Gonzalez said he is convinced that Cooke, the group's 'probable new partner,' will be an 'excellent shareholder for growth' for the Spanish multinational
Seafood’s latest $1bn player plans European sales expansion
Spain's Profand is on a drive to push its wide range of crustaceans, cephalopods and fish into new European countries, having become the latest in the sector to pass $1bn in sales
Argentinian firm buys three high-sea trawlers from Spain’s Iberconsa
Argentina's Conarpesa has closed the purchase of three high-seas wetfish trawlers from Iberconsa: the 'Coraje,' the 'Siempre Santa Rosa' and the 'Golfo San Matias'
Red shrimp leads Argentina seafood export volume’s 15% increase in Q1
Argentina's fisheries sector exported a total of 129,131 metric tons of seafood worldwide worth $471m during the first quarter of 2023, in part thanks to a notable y-o-y increase in red shrimp sales
Profand joins seafood’s $1bn club after string of acquisitions
Vigo, Spain-based Profand reported a 2022 turnover of €929 million, or $1.03 billion, an increase of 15.5% year-on-year
Profand brings in former Milarex, Mowi exec to lead UK expansion
Geoff Cormack, formerly with Milarex and Mowi, has been named director of the new UK arm of Profand
Sykes sets sights on $600m turnover as new UK distribution hub opens
Sykes is aiming for as much as $600m in group turnover for its current financial year, with a new UK distribution center opening next week, its CEO told Undercurrent News
Once-largest US importer of Russian crab ‘regroups’ with Mexico, Norway supply deal
A major US shellfish importer, Direct Source Seafood, is looking to 'strategic partnerships' in Mexico and Norway to rebuild its turnover after the ban on Russian crab