Despite completing deals to expand their supply lines in Northern Europe and North America, major Asian trading giants such as Maruha Nichiro or Nippon Suisan Kaisha are unlikely to take any interest — at least for the immediate future — in buying wild catch enterprises in Spain and Latin America, top financial advisors told Undercurrent […]
The COVID-19 pandemic is likely to drive more salmon farmers to look at buying into processing to secure access to their target markets, said financial advisors from Pareto Securities and Antarctica Advisors. Speaking on Undercurrent News’ “What COVID-19 Means for Seafood M&A” webinar (watch in full below) on June 4, Henning Lund, a senior partner […]
More diversified global seafood players like Cooke are needed to bring stability to the industry, said a senior mergers and acquisitions (M&A) advisor during an Undercurrent News webinar on the impact of the coronavirus pandemic on deals. Ignacio Kleiman, whose Antarctica Advisors is the most prolific M&A advisory firm according to Undercurrent’s latest Seafood Dealmakers […]
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The owner of major Argentinian shrimp supplier Continental Armadores de Pesca (Conarpesa) is looking to sell the company, he con rmed to Undercurrent News. Fernando Alvarez, Conarpesa’s owner and president, said that the company, which generates around $165 million in annual sales, is in talks with potential buyers to sell the major shrimp harvester at a […]
Antarctica Advisors, one of the most prolific seafood corporate finance advisory firms, has been brought in to work with RBC Capital Markets on adding more international players to the sale process for Clearwater Seafoods, sources told Undercurrent News. RBC is leading the Clearwater sale, which was announced on March 5, with Antarctica acting as co-advisor, Clearwater’s Christine […]
February 4, 2020 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Clear Springs Foods Inc. (“Clear Springs”), the leading grower and processor of rainbow trout in the US, in its sale to Riverence Holdings LLC (“Riverence”), a neighboring producer of steelhead trout. Based in […]
The second-largest rainbow trout farmer in the US, owned by the creator of a multitude of hit TV shows, has a deal for its larger rival, Clear Springs Foods, making it, by far it the largest farmer of the species in the country. The purchase by Riverence Holdings, the parent company of Idaho’s Riverence Farms, […]
The company, backed by a Hollywood TV mogul, now has its sights on re-inventing the US trout market. Idaho-based Riverence Holdings on Saturday announced it acquired rival trout giant Clear Springs Foods, making the group the largest producer of land-based trout in the Americas. With the Clear Springs deal, the company’s operations now include Riverence Brood […]