Abanca CEO says Nueva Pescanova sale process is off
The CEO of Spain's Abanca said the process to sell Nueva Pescanova is off, a few weeks after Cooke’s founder confirmed he still had an interest in the seafood group
Notable jump in illex squid exports offsets drop in Argentina’s shrimp, hake sales
Argentina's fisheries sector saw its exports of illex squid rise by 205% in volume and 227% in value year-on-year in August
Norway-backed Argentine whitefish firm seeks investor ‘partner’ to finance M&A in other species
Norway's Ocean Harvest, which owns Argentine fishing firm Estremar, is looking for an investor 'partner' to help finance M&A in new species, seeing an opening in the Latin American country after the upcoming election
US shrimp imports see second straight month of year-on-year volume gains
The US imported 73,617 metric tons of shrimp in August 2023, 3% more than the 71,666t imported in August 2022
Platinum Equity-backed Iberconsa to launch debt re-fi plan in coming weeks
Vigo, Spain-based Iberconsa, owned by US fund Platinum Equity since March 2019, is soon to launch a new refinancing plan for its considerable debt
Krustagroup snaps up majority stake in Italian distributor
The acquisition of a stake in Effegi Service marks a significant step in Krustagroup's growth strategy in Italy, where 10% of its total sales occurred in 2022
US increasingly important for Krustagroup amid turbulent market, rising costs
The firm proved its resilience in 2022 by delivering an EBITDA of €3.4m, up 55%, and a turnover of €83.1m, also up 10% y-o-y
Mark Foods deal with Arista creates $800m US importer
Mark Foods statement reveals it also acquired a 'significant interest' in Endeavor Seafood, an importer and marketer of seafood products based in Newport, Rhode Island, in 2021
Erratic catches, low shrimp sales drive Argentina’s export value down
Argentina's seafood export value fell by 3.6% y-o-y to slightly over $1bn in the first seven months of 2023; this drop took place mainly due to a dramatic decline in whole shrimp sales during the period
US shrimp imports break long losing streak, post year-on-year volume improvement
The losing streak has been broken, but how confident are importers and exporters that a positive trend will now begin?