Food Safety & Health
CEO Fertitta Offers to Buy Landry's Outright
Landry's Restaurants Chairman, President and CEO Tilman Fertitta yesterday offered to acquire the remaining 61 percent stake in the Houston-based restaurant and hospitality company.
Fertitta already owns 39 percent of the company he now aspires to privatize. He proposed to buy the rest at $23.50 per share. The shares would cost Fertitta about $380 million. Including debt, the total value of the deal… Read More
The New York Times reports today that the Environmental Protection Agency's New York office will test mercury levels in the area's 20 most commonly eaten fish, including tuna.
In todayâ??s story, "More Testing of Seafood to Address Mercury Concerns," the Times quoted Mary Anne Hansan, VP of communications for the National Fisheries Institute in McLean, Va., which was extremely critical of the Times' recent coverage of mercury in sushi-grade… Read More
Ray's Gourmet Wild Alaskan Yukon Salmon Chowder from Boreal Fisheries in Graham, Wash., won the Seattle People's Choice Award in the 15th annual Alaska Symphony of Seafood. A total of 14 seafood products were scrutinized at FareStart on Wednesday for the expert judging round and the People's Choice.
The Seattle judges included Bill Springer, SeaFood Business; Greg Blakey, Snopac Products; Drew Cherry, IntraFish; Eric Donnelly, The Oceanaire… Read More
Scientists have been warning for years that overfishing is degrading the health of the oceans and destroying the fish species on which much of humanity depends for jobs and food. Even so, it would be hard to frame the problem more dramatically than two recent articles in the International Herald Tribune and The New York Times detailing the disastrous environmental, economic and human consequences of often illegal industrial fishing. Sharon… Read More
This week, Canadian food-safety officials gave Creative Salmon Co. and Marine Harvest Canada the green light to resume harvesting salmon from their Vancouver Island, British Columbia, farms after numerous fish samples tested negative for malachite green, a fungicide banned for use in food production because it's a potential carcinogen. But the companies are struggling to determine why fish samples the U.S. Food and Drug Administration tested at… Read More
The recent news that California-based Del Monte Foods decided to sell its StarKist canned-tuna business has sparked interest from several Asian seafood companies.
Interviewed by mergermarket, an online mergers and acquisitions news service, and reported in Financial Times, at least two Asian seafood companies have expressed interested in StarKist, as well as alternative expansion opportunities.
Sources from Dongwon F&B, a Korean food… Read More
The annual turnover of Vietnam's seafood industry has crossed the USD 3.75 billion mark in 2007, reflecting a 12 per cent increment as compared to 2006 figures, according to the latest reports published by the Ministry of Agriculture and Rural Development - Vietnam. The seafood industry has grown to become the country's fourth largest revenue earner, fuelling Vietnam's position as one among the top ten exporters in the highly competitive global… Read More
Shrimp is America's favorite seafood - Americans consumed 4.4 pounds of shrimp, per capita, in 2006, about 1.5 pounds more than the runner-up, canned tuna. Affordability is whatâ??s really driving shrimp sales (as it always has for canned tuna), but shrimpâ??s amazing popularity speaks to the fact that consumers are craving healthy, light foods. Just take a look at the January/February issue of Cooking Light on newsstands now. The winning… Read More