U.S. scallop processor looks to expand
New Bedford, Mass., scallop processor Mar-Lees Seafood on Thursday announced that it has teamed up with private equity group Harbinger Seafoods.
The partnership give Mar-Lees the financial resources and management expertise it requires to expand “rapidly” — both organically and through strategic acquisitions.
Based in Boston, Harbinger is a group of European investors with experience in seafood processing and distribution and food retailing, focused on investing and developing seafood companies in the United States.
“Mar-Lees provides Harbinger with an excellent platform in the United States to rapidly grow within the seafood industry. We are thrilled to have partnered with John A. Lees, a visionary and outstanding leader in the U.S. scallop industry,” said Dmitrijus Nikitinas, partner and president of Harbinger.
“We are tremendously excited to have partnered with Harbinger Seafoods to continue and advance the growth and success of Mar-Lees,” added John Lees, the company’s president. “We have strengthened our financial and managerial base to fuel the achievement of our strategic vision.”All Supply & Trade stories >