Undercurrent News – August 22, 2018
North American companies need to be more aggressively seeking access to raw material resources overseas, believes Birgir Brynjolfsson of Antarctica Advisors.
Speaking to Undercurrent News, Brynjolfsson – who worked as the exclusive advisor to Mitsui & Co on its March 2018 deal for Mark Foods – noted there is a perception that US companies in the seafood sector are interested in looking overseas for expansion.
“But what we’ve seen is that there are so many opportunities within North America that there is no need for the companies to start looking overseas.”
“We get a lot of inbound communications from advisors in Asia and Latin America asking ‘hey, we’ve got this opportunity, are you guys interested?’ And our recommendation is that the North American companies have not been aggressively going abroad acquiring the right resources.”