Cliff White has been the executive editor of SeafoodSource since 2016. Previously, he worked as the senior business reporter for the McClatchy-owned Centre Daily Times in State College, Pennsylvania, where he won state and national awards for his coverage of the development of the Marcellus Shale natural gas deposit and the Jerry Sandusky scandal.
Author Archive
Martin Rasmussen is the CEO of Andfjord Salmon, which is building a flow-through land-based salmon farm on the island of Andøya, in the Arctic archipelago of Vesterålen, Norway. It recently concluded a NOK 350 million (USD 32.9 million, EUR 30.3 million) private placement and has applied to conduct a subsequent offer of shares on the Euronext Oslo stock exchange, where it is listed. On 29 May, the company reported an operating loss
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Newlat Group, a publicly listed multi-channel player in the branded food segment, is acquiring Princes Group from Mitsubishi for GBP 700 million (USD 894 million, EUR 822.3 million).
Headquartered in Liverpool, U.K., and managed from the Netherlands, Princes is one of the U.K.’s largest food and beverage firms, and its range includes a variety of shelf-stable tuna, sardine, salmon, and mackerel products.
Reggio Emilia, Italy-based Newlat
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Andfjord Salmon CEO Martin Rasmussen confirmed High Liner Foods’ participation in a NOK 350 million (USD 32.9 million, EUR 30.3 million) private placement concluded 21 May.
“The net proceeds from the private placement will be used to expand our production capacity at Kvalnes, ramping up biomass, and for general corporate purposes,” Rasmussen told SeafoodSource.
Lunenberg, Nova Scotia, Canada-based High Liner Foods announced it
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A federal judge has dismissed a lawsuit alleging Clackamas, Oregon, U.S.A.-based Pacific Seafood engaged in anticompetitive practices concerning the Dungeness crab fishery on the U.S. West Coast.
Filed in March 2023 in the U.S. District Court of Northern California by commercial fisherman Brand Little, the suit alleged Pacific Seafood artificially suppressed the price paid to fishermen for Dungeness crab through a “multipronged strategy of
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Hirtshals, Denmark-based Nordic Seafood saw its profit drop to DKK 45.6 million (USD 6.6 million, EUR 6.1 million) in 2023, compared to DKK 82.5 million (USD 12.2 million, EUR 11.1 million) in 2022.
The total was below the company’s expectation of reaching DKK 65 million to DKK 70 million (USD 9.6 million to USD 10.3 million, EUR 8.7 million to EUR 9.4 million) in profit, according to Nordic's annual report.
“The company’s
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David Scott is the managing partner of Scott+Scott, a law firm specializing in plaintiff and claimant work in antitrust, commercial, and securities actions.
SeafoodSource: The European Commission recently advanced an antitrust investigation involving Norwegian salmon producers Cermaq, Grieg Seafood, Bremnes, Leroy, Mowi, and SalMar, alleging potential distortion of spot prices of Norwegian-farmed Atlantic salmon within the European Union, as
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