Clearwater Seafoods received the Rabobank Innovation Award last week at a reception hosted by the financial institution in New York, N.Y. The Innovation Award is one of three awards presented by Rabobank North America Wholesale to leading food and agriculture companies for their dedication to innovation, sustainability and leadership.
“It's a great honor to be recognized for our commitment to innovation,” said Ian Smith, CEO, Clearwater Seafoods. “Innovation has played a key role in the success of Clearwater's growth strategies from advanced technology, to sustainable harvesting and new product development.”
The Rabobank awards stem from its beliefs around what food and agriculture companies must do to be competitive in the long run. It is a cycle of knowing how to be innovative in their space so they can be competitive, looking at their business models to see how they can be sustainable in terms of growing their business and protecting the environment, and making smart investment decisions to keep this cycle going. Clearwater met the mark on all three deciding factors.
“Since starting anew with Clearwater in 2012, we continue to be impressed by management’s ability, with a scarce wild catch resource, to grow revenue, EBITDA and shareholder value, through innovation in not only harvesting, but product development and marketing as well,” said Rajiv Singh, CEO, Rabobank North America Wholesale. “We are thrilled to partner with Clearwater and happy to award them for their impressive achievements.”
The Bedford, Nova Scotia company owns fishing quotas, vessels, processing facilities and delivers scallops, lobster, clams, coldwater shrimp and crab to customers worldwide. It has more than 1,400 employees around the world.
