Canadian value-added frozen seafood company High Liner Foods has announced the acquisition of American seafood company Atlantic Trading Co. for an undisclosed amount.
In a statement, Henry Demone, CEO of High Liner, said the company is looking to expand its sales in salmon products, and Miami-based Atlantic is one of the largest importers of frozen Atlantic salmon into the United States.
"Our vision is to be the leading frozen seafood supplier in North America and a key component of our strategy is to acquire profitable and complementary businesses like Atlantic Trading," Demone said. "Atlantic Trading sources some of the finest Atlantic salmon available today and will enhance product offerings to our customers."
The High Liner statement indicates the company “does not anticipate making any changes to the operations of Atlantic Trading” due to the acquisition.
"Atlantic Trading's reputation is built on providing consumers with high-quality salmon selections and an unwavering commitment to sustainability," said Knut Skabo, President of Atlantic Trading. "I am confident High Liner Foods will continue these efforts and look forward to working with them to ensure a seamless change in ownership."
