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Riverence acquires Clear Springs, creating America’s largest trout producer
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 in Washington State and Riverence Farms, and gives it an even stronger position as a vertically-integrated producer.
Antarctica Advisors Acts as Exclusive Investment Banking Advisor to Bristol Bay Native Corporation in its Acquisition of Blue North Fisheries and Clipper Seafoods
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 BBNC commented: “The Alaska fisheries are an integral part of our shareholder’s lives and our acquisition of these two leading operators in the Pacific cod sector represented a unique opportunity for our group to enter the strategically important seafood industry. The Seafood M&A Team at Antarctica Advisors provided BBNC management and board of directors with valuable industry expertise and execution capability which was integral to the successful completion of this complex transaction.”
Bristol Bay Native Corporation To Acquire Blue North Fisheries and Clipper Seafoods
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 to bring Bering Sea earnings home to Alaska, benefiting its 10,000 shareholders as well as the local economy.
Seafood Executive Outlook 2019: Investment, optimism and a lot more M&A
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 results of an exclusive email survey IntraFishconducted with over 300 top global seafood industry executives earlier this year. The survey’s findings were revealed during the IntraFish Leadership Breakfast during Seafood Expo North America in Boston in March.
DOWNLOAD THE FULL SURVEY HERE! (pdf)
The survey respondents represented various sectors of the seafood industry, but largely self-identified as being in the aquaculture, processing, wholesaling and distribution sectors.
Is now a good time to sell your company?
US seafood companies may have a window.
President Trump’s increasingly tough stance on trade is worrying many US seafood industry players, as it does not necessarily consider that some 85-90 percent of the seafood we consume in this country is imported. Increasing barriers to imports many result in higher raw material costs, lower profitability, a slowdown in revenue growth and, consequently, a potential general decrease in Enterprise Values (EV) for those companies exposed to these possible regulatory challenges.
Source: IntraFish
Los fondos de inversión revolucionan la industria pesquera gallega
Son negocios en expansión con generación constante de caja, de ahí que sean atractivos para este tipo de sociedades.
La comercialización de productos del mar está al alza en Europa (por la recuperación del consumo tras la crisis), Estados Unidos (con nuevos formatos) y Asia (por una creciente clase media en China). En Galicia es una industria muy atomizada pese a que las Rías Baixas concentran la mayor capacidad productiva de la eurozona. Aún así, solo Nueva Pescanova figuraba entre las top 100 del mundo, un ránking al que ha entrado Ibérica de Congelados (Iberconsa) tras la compra por esta última de la argentina pesquera Santa Cruz. Ninguna de ellas está en manos de industriales de la pesca; la primera es propiedad de la banca acreedora, que ya ha iniciado contactos para desinvertir, y la segunda está en manos (en un 55%) del fondo Portobello Capital.
Antarctica Advisors Acts as Exclusive Investment Banking Advisor to Mitsui & Co (U.S.A.) in a Strategic Partnership Transaction with Mark Foods
March 16, 2018 – 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.) in a strategic partnership transaction with Mark Foods, a New York-based importer and marketer of quality seafood products to high-end retailers, distributors, and restaurant groups in the U.S.
Mitsui & Co (U.S.A.) is the U.S. subsidiary of Mitsui & Co Ltd, one of the largest general trading companies in Japan and publicly traded on the Tokyo Stock Exchange with $100 billion dollars in total assets. The group owns considerable seafood resources worldwide, including shrimp farming operations in Asia and salmon farming operations in South America.