The U.S. state of Maine is finally moving forward on building a new cold storage facility in the city of Portland.
The Maine Department of Transportation and the Maine Port Authority, and a consortium of multiple businesses including Treadwell Franklin Infrastructure and Amber Infrastructure, have joined together to build a new 107,000-square-foot cold-storage facility on state-owned land at the International Marine Terminal in Portland, Maine.… Read More
A fire on 19 August, 2022, destroyed part of a fisherman’s co-op located in Murray Harbour, Prince Edward Island, Canada.
The fire started in the afternoon, and destroyed the freezer, garage, and ice house at the Machon Point Fisherman’s Co-op, CBC reported. Officials with the region’s Fire Marshals Office told media that an investigation into the cause of the fire will take more time.
According to the CBC, the destroyed… Read More
Canada-based Cooke Inc. announced on 15 August that the company has reached an agreement with Tassal Group Limited to purchase the Australia-based aquaculture company.
In a release, Cooke announced the two companies reached an agreement that would have Cooke purchase all outstanding shares of Tassal for AUD 5.23 (USD 3.65, EUR 3.60) per share in cash, by way of a scheme arrangement. The transaction price, according to Cooke, represents a 49… Read More
A group of tech experts is hoping to enhance how the food distribution industry manages its sales supply chain, and seafood companies are already starting to get on board.
Pepper, an eCommerce platform for food distributors, is strictly targeting the business-to-business side of purchasing and ordering products – including seafood. Pepper Co-Founder and CEO Bowie Cheung told SeafoodSource the goal is to bring some of the better parts of… Read More
BAADER has announced it has hired Jón Birgir Gunnarsson to serve as the company’s chief sales and marketing officer (CSO) for Skaginn 3X and BAADER Ísland.
Gunnarsson, the company said, already has extensive experience with Skaginn 3X, where he led the development of a new brand identity and image while leading its sales and marketing from 2016 to 2019 prior to BAADER’s acquisition of the company. His new role will be… Read More
The Russian government is pushing to develop the seafood industry in the four inhabited Kuril Islands, luring investors with unprecedented tax breaks in an attempt to drive local economic expansion.
The Kuril Islands, located between northern Japan and Russia’s Far Eastern Sakhalin peninsula, are administratively a part of the Sakhalin regional government. Four of the islands in the archipelago are more populated and developed than the… Read More
Lunenberg, Nova Scotia, Canada-based High Liner Foods posted a strong second quarter, with significant upticks in both sales and gross profit.
The company saw a 33.6 percent, or USD 63.7 million (EUR 61.6 million) increase in its sales for the 13 weeks ending 2 July, 2022, compared to the same period last year. Sales totaled USD 253.5 million (EUR 245.5 million) in Q2 2022 compared to the USD 189.8 million (EUR 183.8 million) in sales Q2… Read More
The effort to create a national seafood marketing board in the United States has gained traction with a funding nod by the U.S. government.
The U.S. Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies recently released an explanatory statement on a bill heading to the U.S. Senate that includes a specific order to begin pursuing a National Seafood Council. A specific order in the 222-page document directs… Read More
Blacks Harbor, New Brunswick, Canada-based Cooke Inc. on Tuesday, 9 August, acquired Belgium-based shrimp processor Morubel from investment group Bencis Capital Partners.
Bencis acquired Morubel in 2014, purchasing the company from the Holland-based Heiploeg Group. Two years later, Bencis acquired and soon after closed German seafood importer and wholesaler Ristic AG – moving some of its operations under Morubel. Later, in 2017, Bencis… Read More
Rich Products announced on Monday, 8 August, Mindy Rich has been named the new chair of the company.
A family-owned food company founded in 1945, Rich Products is the owner of SeaPak, one of the largest frozen seafood retail brands in the world. Its former chair, Robert E. Rich Jr., will continue as the firm's senior chair after serving in the role for 16 years.
“This decision was made after years of very deliberate and careful… Read More