Salmon Evolution could be looking at its first break-even year in 2024, while first harvests are scheduled at NAP, Proximar, and Gigante Salmon Continue reading
Tag Archives: Companies
Southern California distributor changes hands after 46 years
Dave Rudie sells Catalina Offshore Products to Beish Holdings Continue reading
Premium returns to seafood M&A with Quebec supplier deal as Maine lobster tempers Q3
Premium Brands has returned to dealmaking in the seafood sector, revealing the acquisition of a Quebec supplier in its Q3 results, which were held back by Maine lobster catches Continue reading
Jordan Mazzetta’s Eddie M’s snaps up American Fish & Seafood
US seafood importer and processor Eddie M's, owned by Jordan Mazzetta, has acquired the assets of American Fish & Seafood, uniting two Midwest-based firms Continue reading
Arbitrators find Wynn made ‘fraudulent representations’ in Rubicon sale to High Liner, award $15.5m in damages
High Liner took legal action against Wynn in 2020, following their earlier $107m deal, after the processor saw Rubicon's business with Walmart-owned Sam's Club evaporate Continue reading
Chile’s Orizon acquires crab, toothfish exporter with $20m investment
Orizon Seafood, a fishing firm that belongs to the Angelini Group, has acquired ownership of Fiordosur, a producer and exporter of crab and toothfish in the country Continue reading
Spending on Nova Scotia plant prompts rift between OCI’s Sullivan brothers
Two years after setting out to renovate a building in the Canadian province, the CAD 17m project is in limbo and at the center of a dispute between Martin and Blaine Sullivan Continue reading
Higher salmon production costs, lower harvests take bite out of Blumar’s Q2 earnings
Chile's Blumar saw its second-quarter earnings drop by a slight 1% year-on-year due to higher ex-farm costs increasing steadily Continue reading
Bregal’s Blue Harvest to ‘shut up shop’ Friday
PE-owned US East Coast groundfish fishing firm Blue Harvest is ceasing operations on Friday, having laid off more staff in the past week, sources told Undercurrent News Continue reading
Family-owned salmon farmer posts $100m profit ahead of up to three-fold tax hike
Norwegian salmon farmer Nordlaks Holding reported a 30% increase in net profit to a record level of NOK 1.03bn, or $95.96m, ahead of country's new 25% additional tax Continue reading
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