Business & Finance

Published on
January 15, 2018

In its latest effort to boost funding for new salmon farms it would like to build in North America, AquaBounty Technologies, Inc., issued an underwritten public offering that is expected to raise USD 12 million (EUR 9.9 million).

The public offering consists of an aggregate of 3,692,307 shares of common stock, together with warrants to purchase up to 3,692,307 shares of common stock of the genetically engineered salmon producer.

“The compan… Read More

By

Jason Holland

Published on
January 11, 2018
Viciunai surimi

Lithuanian surimi producer Viciunai Group has acquired the French food distributor CS France, as part of its strategy to strengthen its position in the country.

The move will enable Vicinai to sell its products to a market of 65 million consumers with a tradition of eating fish and seafood, said company CEO Šarūnas Matijošaitis.

“We have long realized that a truly ambitious business development in any market is possible only … Read More

By

Cliff White

Published on
January 10, 2018

Americold, a provider of temperature-controlled warehousing and transportation, has launched an initial public offering with the aim of raising as much USD 360 million (EUR 300 million).

The Atlanta, Georgia, U.S.A.-based company will offer 24 million shares at a price range between USD 14.00 and 16.00 (EUR 11.66 and 13.33) – a range that would generate between USD 336 million and 384 million (EUR 280 million and 320 million), excluding fee… Read More

By

Gao Fu Mao

Published on
January 9, 2018

A Chinese shipbuilding company which recently sold two tuna vessels to Sri Lanka sees “huge opportunities” in the country’s plans to develop its fisheries. 

Fujian Zi Shun Boat Building co-built the two line vessels for the Sri Lankan’s fisheries ministry and the company’s chairman, Zhou Jing Shan, said he hopes to supply more vessels to the South Asian nation. 

“Sri Lanka has a high requirement for v… Read More

By

Cliff White

Published on
January 9, 2018

Butterfly Equity, a Los Angeles, California-based private equity firm specializing in the food sector, announced on Tuesday, 9 January it acquired Pacifico Aquaculture for an undisclosed sum.

Pacifico produces farm-raised striped bass near Todos Santos Island, about eight miles off the coast of Baja in Ensenada, Mexico. The farm, which was certified with a four-star Best Aquaculture Practices rating from the Global Aquaculture Alliance in 2017, p… Read More

By

Cliff White

Published on
January 8, 2018

York, Maine-based Maine Coast, a worldwide distributor of North American lobster, announced new hires to three executive positions in December.

The company, which logged more than USD 55 million (EUR 45.7 million) in revenue in 2016, named Sheila Adams as the company’s new vice president of sales and marketing, and promoted Michael Delahanty to chief financial officer and Peter Brent to be its vice president of operations.

Adams, the wife o… Read More

By

Cliff White

Published on
January 5, 2018

The world’s largest processing plant for pelagic species will be equipped with processing technology from Skaginn 3X.

The Faroese company Vardin Pelagic, which is building the plant in Suduroy in the Faroe Islands, recently signed a contract with the Icelandic technology company to provide it with chilling, freezing, and food processing solutions.

Vardin Pelagic’s previous plant burned to the ground in June 2017. The company decided t… Read More

By

Jagdish Kumar

Published on
January 4, 2018

Andhra Pradesh-based frozen shrimp supplier Devi Seafoods is looking into going public in 2018, according to Indian media reports.

The company, which recorded approximately INR 10 billion (USD 157.7 million, EUR 131.2 million) in revenue in 2018, is in the process of hiring investment banks for a planned initial public offering (IPO), according to Indian business journal Livemint.

The company did not comment on the report, but sources told Livemi… Read More

By

Madelyn Kearns

Published on
January 4, 2018

Brown University Professor Mark Blyth, an economist and author who has a knack for predicting unlikely global events with far-reaching political impacts – including the election of U.S. President Donald Trump and Great Britain’s “Brexit” decision  – will be delivering the keynote address at the 2018 Seafood Expo North America/Seafood Processing North America event in Boston, Massachusetts in March.

Blyth, w… Read More

By

Jason Holland

Published on
January 4, 2018
Loch Duart salmon

Independent salmon farming company Loch Duart Ltd. achieved a turnover of GBP 42.5 million (USD 57.8 million, EUR 48 million) for the 12 months ended 31 March, 2017, resulting in profit before tax of GBP 8.5 million (USD 11.6 million, EUR 9.6 million).

The Scottish firm produces around 5,000 metric tons (MT) of fish annually, 

The results were an improvement on the previous 12-month period, which delivered a turnover of GBP 26.4 million… Read More