M&A news

Russia agrees $280m new vessel subsidy plan

The move comes after the government in 2024 decided to accept the WTO Agreement on Fisheries Subsidies despite objections by domestic industrial lobbying groups

Chinese e-commerce giant JD.com to invest in $70m ‘smart aquaculture’ facility

The project aims to produce 5,000t of commercial mandarin fish annually through 732 fish pools when fully operational

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Spanish sole RAS secures €16m to boost expansion plans

ASC decision about Canadian lobster plant depends on season outlook

Atlantic Capes deal makes Northern Wind one of world’s three scallop titans

Nordic Aquafarms abandons Maine salmon project after series of lawsuits take toll

Interim eFishery CEO exits amid reports co-founder was cooking books from 2018

Japan’s salmon farming industry to double output to over 50,000t by 2027

Cooke-owned Tassal advances barramundi farming expansion plan

Icelandic land-based salmon farm orders €20m next module from AKVA

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Hofseth’s salmon farm-in-a-mountain plans ready for political review

Nomad to ‘meaningfully increase investment’ in products, brands

AquaBounty auctions off uninstalled equipment, building materials from defunct Ohio facility

Pearl back as CEO of US’ biggest shrimp grower following bankruptcy filing

US’ biggest shrimp breeder files for bankruptcy protection

Norwegian salmon smolt producer begins strategic review

UAE group confirms acquisition of Avramar’s Greek bass, bream assets

Seafood restaurants that closed across US in 2024

Russia plans sales of crab quotas in north, Far East of country

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Chinese surimi giant seeks overseas M&A, models strategy on Nestle

Northern Norway whitefish factory put up for sale

Netherlands’ largest fishing fleet adds new vessels

Aker Qrill to add fourth krill vessel by reviving canceled project at Turkish shipyard

Ode approved for another 3,500t cod farming site

Board member resigns from Icelandic salmon farmer over price of planned M&A

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JBT completes takeover of Iceland’s Marel

Angulas Aguinaga acquires Spanish appetizer maker to capture growing snack trend

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Seafood M&A stories that will define 2025’s consolidation landscape, part 2

In the second part of UCN's outlook/retrospective on seafood M&A, the focus turns to Canadian shellfish, Ecuadorian shrimp, Japanese players buying abroad and smoked salmon

Canada’s Premium Brands makes non-seafood acquisitions ahead of Trump inauguration

Canada's Premium Brands Holdings, the parent company of seafood brands like Clearwater and Ready Seafood, has acquired three companies for a total of $66 million

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aquaculture

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

Norway’s Holmoy adds 2,600t of salmon farming licenses with Mortenlaks deal

Atlantic Sapphire approves reverse split to streamline share structure

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

Trident completes sale of Kodiak operations to Pacific Seafood

Iceland’s UR adds 1,500t of whitefish quota in $50m deal

Canadian shrimp harvester, processor co-op buys out partner in CAD 100m deal

people

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

Farquharson steps down as head of Canadian salmon farmer group

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

m&a

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

Tantalizers restaurant chain poised to acquire Nigerian fishing company

Canadian lobster, crab shell waste plant files for bankruptcy

retail

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

Nasdaq delists Blue Star after stock price falls below minimum threshold

Tsar Nicoulai acquires Sterling Caviar, consolidating California operations

processing

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

Objections lodged over $4.4m payout to Peter Pan’s receivership firms

Jeff Bolton named president of $500m PE-backed shellfish platform after Atlantic Capes deal closes

fishing

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

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

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