Ignacio Kleiman urged traditional seafood companies to “dust off and come back stronger” as private‑equity groups build consolidation platforms such as Northern Wind and Champlain Financial’s lobster/snow‑crab venture, arguing that strategic players must scale up to compete with financially backed platforms
November 1, 2021 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Mitsui & Co. (U.S.A.), Inc. (“Mitsui”), in the sale of the assets of Mitsui Foods, Inc. (“MFI”) to Gellert Global Group’s (“GGG”) Atalanta Corporation.
MFI is a leading importer and distributor of canned and frozen seafood as well as canned fruit and vegetables, that dates back to1953. Since then, Mitsui Foods has been importing fine grocery and specialty food products from around the world under various brands. These brands, including the EMPRESS® brand, will be integrated across the Gellert Global Group divisions, including Atalanta Corporation and Camerican International.