Spain’s Profand Fishing Holding has moved to acquire Spanish retail group Mercadona’s processing firm Caladero, after buying Stavis Seafoods and investing in Seafreeze in the US. Zaragoza, Spain-based Caladero will add a new range of species Profand’s portfolio. Caladero processes salmon, trout, seabream and seabass, as well as sardines, in addition to octopus, squid and shrimp Profand is known […]
October 1, 2019 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Bristol Bay Native Corporation (“BBNC”) in its acquisition of a controlling participation in Blue North Fisheries and Clipper Seafoods, the two leading operators in the freezer longline cod sector in Alaska. Jason Metrokin, President and CEO of […]
Bristol Bay Native Corporation (BBNC) is pleased to announce the pending acquisition of Blue North Fisheries and Clipper Seafoods, two leading operators in the sustainably-managed freezer longline cod sector of the Bering Sea fishery. Effective September 30th, this acquisition will put BBNC, an Alaska Native corporation with deep cultural ties to fishing, in a position […]
The US’ two largest Pacific cod longline companies have officially merged, sources confirmed to Undercurrent News. A deal between Clipper Seafoods and Blue North, which received the go-ahead from the US Department of Justice earlier this week, closed at 12:01 a.m. Friday, Sept. 13, sources said. However, an investment in the company from the Bristol Bay Native Corporation (BBNC), which plans […]
Our exclusive survey of over 300 top seafood executives gives guidance to where the industry is headed. Download it now! Seafood executives are in an optimistic space right now, with many saying they expect higher revenues, more M&A activity and more investment in infrastructure and new product development in the coming year. That’s according to […]
The Blackstone Group has just raised more than $22 billion from investors for its latest private equity fund. With this mountain of money could the US-based buyout giant look at seafood mergers and acquisitions (M&A)? Given the increased private equity appetite for seafood M&A, maybe, according to Undercurrent News sources. Blackstone — the world’s largest asset manager […]
By Jason Huffman, Tom Seaman and Jason Smith The seafood industry has a fever and the only thing that will cool it down in 2019 is more consolidation. To say there were a lot of mergers and acquisitions in 2018 would be an understatement. Undercurrent News has identified 127 deals, up from 117 in 2017 and 102 […]
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 […]
The likely upcoming sale process for Portobello Capital’s stake in Grupo Iberica de Congelados (Ibercosa) will attract a lot of trade and private equity interest, with the Madrid, Spain-based private equity (PE) investor in a strong position, said one banker. According to one source, Gorjan Nikolik of Rabobank, investors should look at unifying Ibercosa and […]