Stavis takes investment from seafood group with global raw material reach
A global fishing and processing company based in the Netherlands has made an investment in US supplier Stavis Seafoods, the newly promoted CEO of the latter confirmed to Undercurrent News.
On Wednesday, importer and processor Stavis issued a statement on a “strategic partnership” with a firm named IMV Holding, which is based in Amsterdam, the capital of the Netherlands.
Chuck Marble, the former Stavis president who the company also announced is taking over from Richard Stavis as CEO, confirmed IMV has taken an equity stake in the Boston, Massachusetts-based processor.
He declined to comment to Undercurrent on whether IMV has taken a majority or a “This partnership sits very well with the strategy and mission of Stavis Seafoods. These are two family businesses with tremendous expertise and resources in the seafood industry. We look forward to leveraging synergies to achieve the Stavis growth strategy,” Marble told Undercurrent, in a statement.
According to Stavis, IMV has vessels and processing facilities around the globe.
Ignacio Kleiman, whose firm Antarctica Advisors was the advisor to Stavis and the family in this transaction, said the deal is a “strategic integration play” for the US processor.