M&A news

Former American Seafoods investor Coastal Villages involved in Gustafsson’s bid for pollock giant

Alaskan CDQ group Coastal Villages Regional Fund is involved in former American Seafoods CEO Einar Gustafsson's bid for the at-sea pollock and Pacific hake processing giant

US investor Acon finally closes Atlantic Capes buyout to create $500m shellfish platform  

Acon has closed its long-awaited buyout of the downstream division of US scallop giant Atlantic Capes with its Atlantic Sustainable Catch company, which also owns Northern Wind

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Atlantic Sapphire approves reverse split to streamline share structure

Farquharson steps down as head of Canadian salmon farmer group

Kaldvik announces potential acquisition of Icelandic fish farming assets

Nasdaq delists Blue Star after stock price falls below minimum threshold

CapVest’s Lakeview puts US smoked salmon buyout on ice after inking yogurt brand deal

Honey Smoked Fish Co

Nissui financial muscle allows UK’s Three Oceans to up stock levels amid whitefish uncertainty

Coated fish products from Three Oceans Fish Company. Credit: Three Oceans' website

Tsar Nicoulai acquires Sterling Caviar, consolidating California operations

Japan’s Ichimasa Kamaboko to expand surimi stick capacity by 20%

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Latest news

Turnover at UK’s Andrew Marr drops below £1bn, but profits stay strong

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Murray Cod Australia raises $27m, buys land for expansion

Trident completes sale of Kodiak operations to Pacific Seafood

Expanding Norwegian cod farmer has license application denied, but opens new 12-pen site

Kyokuyo targets 300% growth in US surimi stick production amid global expansion

Avramar sale should finalize in Q1, ties with Spanish ops to be maintained

Greek media reports UAE firm will invest €60m to rescue Avramar

Selonda Greek bass, bream farms

Norwegian aquaculture services firm acquires rival, forms group with fleet of 60

Nissui CEO targets global growth, innovation ahead of new business plan

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New $50m Ecuador shrimp plant picks up commercial director ousted in Lamar Venezuela takeover

Credit: Jonathan Weiss/Shutterstock.com

Judges block merger between major US seafood retailers Kroger, Albertsons

AquaBounty closes down remaining operations, lets go of top execs

Kyokuyo launches $24m surimi stick plant in US with 3,000t annual capacity

Changes at top continue for Espersen as CFO, senior finance exec move on

Australia’s Yumbah takes over rock oyster specialist

Russian firm finally snaps up crab quotas at auction

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Scottish Sea Farms sees benefits of £3m investment in big pens

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The Iceland Seafood International plant in Grimsby, UK. Credit: PPH Commercial

Espersen makes more layoffs in UK with no end in sight for losses

Whitefsh processing giant Espersen, which acquired the factory from Iceland Seafood International in 2023, has laid off 12-13 staff

Red Lobster soon to have Hollywood moment

The film, based on a book revolving around a fictional Red Lobster manager, will feature actors from 'Narcos' and 'The Handmaid's Tale'

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aquaculture

Icelandic land-based salmon farmer eyes early 2025 for €200m fundraise

China’s Zoneco to sell aquaculture assets to state-owned controlling shareholder

Venezuelan gov’t cancels export licenses for Lamar shrimp on water to overseas ports

prices

Bass, bream price drop comes as industry’s largest player seeks solution to €400m debt

UAE firm in pole position to land Avramar, delays cause another bidder to withdraw

Pelagia to open new mackerel filleting factory in 2025 as part of value drive

companies

Florida startup NovoMar to liquidate $15m processing plant, inventory

Captain Fresh prepares to raise another $100m on path to IPO

China’s largest surimi maker appoints EY for Hong Kong listing

people

Sofina restructures internally at Greenland Seafood after Barinet’s July exit

Marubeni taps innovation head as CEO amid seafood expansion

UK salmon smoker faces closure after running into financial difficulties

m&a

Former American Seafoods CEO Gustafsson lines up consortium bid for company

India’s Captain Fresh on track to record first annual profit ahead of 2025 IPO

Canned fish consolidation: Muller’s Lisner closes deal for Graal

retail

Captain Fresh to use recently acquired French shrimp cooker to grow in EU retail

Nine-year tuna price-fixing saga ends as judge signs off on $130m settlement for US consumers

Brazil’s largest shrimp farmer, processor, aims to grow capacity 50% in 2025

processing

Ecuador shrimp farmer Limbomar starts production at new $40m plant

Vietnam pangasius firm’s $40m green bond to speed up completion of US-focused plant

free read Finnforel signs agreement to build land-based trout site in UAE

fishing

As Blue Harvest auction looms, some New England groundfish harvesters want to see fleet split up

Cooke closes bumper deal for Peruvian fishmeal giant

free read Arctic Securities show recap: Land-based salmon at inflection point as sector grapples lice issues