Business & Finance

Seafood marketing guru Fan Xubing sees a bright future seafood imports into China, and is pursuing multiple avenues of arriving at that future as soon as possible.

Fan is the founder and president of Sea Bridge Marketing, which promotes imported seafood in China for an A-list of clients that includes the Norwegian Seafood Council and the Canadian Association of Prawn Producers. 

Other clients include Atlantic Canada Lobster, the Lobster Coun… Read More

Massachusetts U.S.A.-based Atlantic Capes Fisheries (ACF) has promoted two of its own into managerial roles dedicated to its processing division, the company announced on 20 June. 

Chris Brown will step into the role of operations manager, and will oversee the operations at the ACF’s scallop processing and IQF custom packing plant. He will assume responsibility for all aspects of fresh and frozen seafood processing, said ACF, while als… Read More

Women are being underrepresented across the U.K. seafood industry and leading players need to do a lot more to bring more female talent into the sector, finds a new survey.

As part of a wider ongoing campaign to raise awareness of the disparity and to attract more women to the sector, the survey carried out by U.K. seafood authority Seafish and IntraFish Media canvassed people working across the seafood supply chain, with a focus on women, to asc… Read More

As part of a new strategic partnership signed on 14 June, Denmark-based whitefish processor Esperson will purchase Royal Greenland’s processing plant in Koszalin, Poland and will supply the Greenland-based seafood firm with flatfish, whitefish and value-added products.

The agreement and change of ownership will go into effect 1 September, 2017, according to a joint press statement released by the two companies. Terms of the deal were not an… Read More

Southwind Foods has reached an agreement to acquire two other California-based seafood distributors.

Southwind, based in Carson, California, U.S.A., distributes fresh and frozen seafood under the Great American Seafood brand name, among others, to foodservice and retail customers in the United States. It announced a deal to purchase Galaxy Foods and Equator both based in San Pedro, California.

“We are very excited about this opportunity to … Read More

Seeking to cash in on rising incomes, Dahu Aquaculture Co is investing CNY 5.1 million (USD 750,000, EUR 668,000) in a start-up that will promote sport fishing to China’s middle classes. 

Freshwater-focused Dahu, which is listed on the Shanghai Stock Exchange, set up Beijing Shanshui Chui Diao Angling Leisure Culture Co. with Beijing-based promotion company Shanshui Shui Chuang Wenhua Chuan Bo Ltd., taking a 49 percent stake. 

The… Read More

Computer Associates (CAI), a maker of enterprise resource planning (ERP) software for seafood processors and distributors, has acquired competitors MultiProcess Computer Corporation.

CAI, located in Smithfield, Rhode Island, is the developer of Seasoft ERP Software, which is in popular use by seafood processors and distributors. MultiProcess Computer Corporation, based in Windham, New Hampshire, owns and manages DataView, an enterprise archiving … Read More

Leading Chinese seafood producer and distributor Zoneco has teamed up with an investment management company to launch a fund aimed at buy outs of seafood assets. 

The “Seafood Investment Mergers and Acquisitions Fund” was launched by Zoneco Group Co (which goes by the Mandarin name Zhangzidao) has signed an agreement to set up the fund with Guotai Yuanxin Asset Management Co. and Shanghai Jiquan Asset Management Co. 

The val… Read More

North American seafood company High Liner Foods has concluded a USD 70 million (EUR 62.1 million) addition to its senior secured term loan, increasing the principal amount outstanding on the facility to USD 338 million (EUR 300 million).

The terms of the add-on are consistent with the existing loan, including a maturity date of April 2021.

On 30 May, High Liner completed the acquisition of Rubicon Resources LLC for USD 107 million (EUR 95 million… Read More

Portland, Oregon, U.S.A.-based Fishpeople Seafood announced Tuesday, 6 June that it had secured USD 12 million (EUR 10.7 million) in financing from the Advantage Capital Agribusiness Partners (ACAP) and other investors.

Fishpeople Seafood, a maker of sustainable seafood kits, already has products  available in more than 5,000 retail stores in the U.S., including Safeway/Albertsons and Whole Foods. 

While ACAP was the major investor in t… Read More