South African firm Oceana’s $382.3 million (€341.1 million) acquisition of US menhaden fishing and processing group DaybrookFisheries may embolden other foreign companies to begin investing in the fragmented US seafood sector, and put pressure on domestic players to get involved as well, according to Ignacio Kleiman of Antarctica Advisors, the sole US investment banking advisor on the Oceana deal.
“This will give a lot of confidence for larger foreign companies to put money into the US sector,” Kleiman told IntraFish. “A lot of companies have looked but they haven’t pulled the trigger because it can be hard to understand.”
“This is not just a big deal for Oceana, but for the industry as a whole,” he added. “Other players are going to look into the US opportunities more seriously.” Read more