Deals, Mergers, Partnership and Profits
Macduff Shellfish has partnered with regional distributors Seattle Fish Co. and The Fish Guys to divy up its products among the U.S. market. “North America is a market we have watched carefully for the past few years and believe holds great potential,” said Roy Cunningham, CEO of Macduff Shellfish, of the partnerships.“We are pleased to be entering the US market with such respected and enthusiastic partners as Seattle Fish Denver and The Fish Guys.”
National Fish & Seafood (NFS) celebrated a record-breaking first quarter and landed two major retail accounts: Albertson’s and Safeway. “Our goal is to provide full-service to our customers, wherever they are, across our complete selection of products,” said James Faro, director of sales and R&D for NFS. “Whether a convenience store or supermarket, restaurant or institutional dining hall, we deliver the right products at the right time that are ready to eat, and ideal to meet both today's demanding consumer and retailer needs.”
Havfisk, a seafood company based in Norway, is being sued by Norwegian fishing company Hermes over allegations regarding the botched sale of a fishing vessel. Havfisk has disputed the claim as “groundless.” The attempted sale of vessel Jergul in December 2013 – along with its 1.35 quota units of cod and haddock – is the focus of the lawsuit. [Read more: http://www.seafoodsource.com/news/supply-trade/fishing-company-sues-havfisk-over-vessel-sale]
Mariner Foods, the U.K. seafood processor out of Grimsby, has gone into administration following only three years of trading. All trade ceased for the company in May and its factory run by fresh food company Bakkavor has been shuttered. A lack of raw materials was cited by The Grimsby Telegraph as the reason behind the company’s demise.
Cannon Fish Co., an American seafood company, will open its new processing plant on 23 May. The plant is located in Kent, Wash. and is expected to employ as many as 200 people.
Maruha Nichiro Corp. made a slim profit margin for the fiscal year 2014, thanks in large part to Alaska pollock roe and surimi sales. The company announced a net income of JPY 7.2 billion (USD 59.9 million; EUR 53 million) on sales of nearly JPY 864 billion (USD 7.2 billion; EUR 6.3 billion), for a net profit ratio of only around 0.8 percent. [Read more: http://www.seafoodsource.com/news/supply-trade/strong-pollock-sales-help-maruha-nichiro-to-profit]
Check back next month for another round of Sea Change. Email your listings and promotional news to [email protected].
