Fortune Fish acquires fellow Midwestern seafood distributor, retailer
Minneapolis, Minnesota-based company Coastal Seafoods is being sold to another seafood enterprise headquartered in the Midwestern United States – Fortune Fish & Gourmet.
Suzanne Weinstein, owner of Coastal Seafoods, decided to sell the company, which she started in 1981. Coastal Seafoods distributes fish to roughly 300 restaurants in Minnesota and its four neighboring states, while also operating two retail outlets in Minneapolis and St. Paul, according to the Minneapolis/St. Paul Business Journal.
Although deal specifics have yet to be disclosed, it is known that all of Coastal Seafoods’ distribution operations will be rebranded under the Fortune Fish & Gourmet name, while both retail spots will continue on with their current titles. All 25 of Coastal Seafoods current employees will stay on board with the business, said Fortune Fish CEO Sean O’Scannlain.
"We’re keeping the entire team intact," he said in a prepared statement. "Nobody from Chicago is moving up there. We feel they have a great team that executes well and we needed that cultural and philosophical fit to make it work and it does."
"Coastal Seafoods’ success over the last 35 years is due in part to our incredibly special team, and I am delighted that they can all continue their careers and growth with Fortune," added Weinstein in a news release. "Fortune Fish & Gourmet is the right company to continue what we have built, while expanding our offerings and presence in the market."
Coastal Seafoods has a broad inventory of shellfish and fish products, including Wild Ivory King salmon fillets and live blue mussels, lobster and razor clams. Fortune Fish boasts a similarly broad portfolio of products, which are all fully traceable, according to the company’s website.