Chris Chase

Thai Union’s pet care subsidiary i-Tail Corporation has acquired Phelps Industries, also known as Phelps Pet Products, for an enterprise value of USD 160 million (EUR 143 million). Thai Union launched i-Tail Corporation in 2021 as a subsidiary focused on the pet food industry, and began an initial public offering of the company in 2022. Since that time, the pet food business has been a big winner for the company, and PetCare was its… Read More

Japanese seafood giant Umios – formerly Maruha Nichiro – has entered an agreement to acquire High Liner Foods. According to a release from High Liner, the offer comprises of a share value of CAD 27 (USD 19.25, EUR 17.22), and is an all-cash, fully-financed offer that delivers a premium on its current stock. Prior to the announcement, High Liner’s shares were trading at roughly CAD 15 (USD 10.69, EUR 9.56), and according to the company, the… Read More

India has begun the development phase of a national action plan for its inland small-scale fisheries, and is planning to set a target of 30 million metric tons (MT) of overall fish production in the next five years. India has been considering a national action plan, and the Bay of Bengal Program Intergovernmental Organization (BOBP-IGO) has called for support from the Food and Agriculture Organization (FAO) to help both the government and the… Read More

Russia and China have agreed to expand bilateral seafood trade and expand the lists of accredited suppliers to each country, according to the Russian Federal Fisheries Agency (Rosrybolovstvo). Russia Prime Minister Mikhail Mishustin and Chinese Premier Li Qiang recently met and confirmed that bilateral relations between the two countries are developing. According to Rosrybolovstvo, Russia and China plan to “expand the list of accredited… Read More

The joint Russian-Norwegian Fisheries Commission is planning to increase the permissible catch of cod in the Barents Sea to a level above scientific advice. According to Russian Federal Fisheries Agency (Rosrybolovstvo) Head Ilya Shestakov, the commission proposed the increase during its recent meeting in Istanbul. "We traditionally hold this commission meeting ahead of the next fishing year. We determine the volumes allocated to Russia and… Read More

Norebo owner Vitaly Orlov has launched a lawsuit against the Barents Observer, a small nonprofit news organization comprised of just six people, over its coverage of E.U. sanctions on the company. The publication, which put out a public response titled “Russian billionaire Vitaly Orlov’s lawsuit against the Barents Observer is absurd and dirty,” said Orlov claims he is suffering “serious harm to his reputation” because of the stories… Read More

Dsm-firmenich is planning to form two companies, Noviwest and Panavora, from the sale of its Animal Nutrition & Health business to CVC Capital Partners. The company announced plans to divest from its Animal Nutrition & Health business in February for an enterprise value of EUR 2.2 billion (USD 2.46 billion), to CVC Capital Partners, a global private markets manager. The agreement followed its earlier sale of its Feed Enzymes activities to… Read More

The average prices for most sizes of Norwegian farmed ticked up in Week 42, as volumes continued to fall week over week (WoW).  Salmon benchmarking firm Sitagri saw prices for whole fresh salmon increase by NOK 1.23 (USD 0.13, EUR 0.11) to NOK 70.02 (USD 7.47, EUR 6.65), up 1.8 percent from the NOK 69.43 (USD 7.41, EUR 6.59) average for all sizes of salmon in Week 41. The benchmarker had the average price for whole fresh head-on gutted (HOG)… Read More

Land-based salmon-farming firm Gigante Salmon had all three of its production basins producing salmon at the same time in Q3 2026, marking a first for the company.  The company said the milestone marks a transition from the company’s construction to full-scale operation of its facility, building on its earlier milestone of its first harvest in 2025. At the same time, the company also said that it did not conduct any ordinary harvest at its… Read More

Aquaculture technology company AquaBounty has filed a prospectus with the U.S. Securities and Exchange Commission (SEC) to open up over 8 million shares for resale, nearly two years since the company ceased all salmon-farming operations. AquaBounty’s prospectus is for the resale “from time to time” of up to 8,077,043 shares of common stock at a par value of less than USD 0.01 (EUR 0.01) per share, composed of 5,771,929 shares of Series A… Read More