Supply & Trade
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Ruth's Chris Steak House of Lake Mary, La., announced yesterday that it completed the acquisition of Cameron Mitchell Restaurants' Mitchell's Fish Market and Columbus Fish Market.
The deal was finalized for approximately $92 million.
"We are very pleased to have closed this transaction, which represents a meaningful entry into the fresh seafood restaurant market. Mitchell's Fish Market's upscale casual focus and contemporary atmosphere is a… Read More
Maine's lobster harvest totaled 56 million pounds last year, down 23 percent from 2006's record catch, according to preliminary figures released by the Maine Department of Marine Resources yesterday. Maine represents about 80 percent of the nation's American lobster catch.
Maine's lobster harvest was valued at $248.5 million in 2007, down 16 percent from the previous year. Due to the drop in landings, the average ex-vessel price of lobster… Read More
Actor Paul Sorvino will unveil a line of gourmet Maryland Style Crab Cakes and Wild American Sauteeing and Stuffed Shrimp product lines at the International Boston Seafood Show next week. Sorvino, of "Law and Order" and "Goodfellas" fame, will be at the Paul Sorvino Foods booth 1315 on Monday from 12 to 2 p.m. to launch the line.
The Paul Sorvino Foods' seafood line consists of three varieties of 6-ounce retail items, including crab cakes made… Read More
Preferred Freezer Services of Newark, N.J., has opened a full-service refrigerated warehouse in Jacksonville, Fla., the company announced on Monday.
The facility is the company's third in Florida, and is one of eight scheduled to open this year. It has 8.7 million cubic feet of freezer capacity and is HACCP (hazard analysis critical control point) certified.
Preferred employs almost 600 workers and operates facilities in New York, California,… Read More
On Monday, Red Lobster will open its third El Paso, Texas, restaurant. The location is the first in the city to feature the brand's "Bar Harbor" design concept.
The 7,300-square-foot restaurant seats 244 guests and includes a natural-looking dÃ©cor, warm lighting, colors and wood tones inspired by Bar Harbor, Maine. The restaurant is the seventh nationwide to open with the design.
The restaurant will offer a Today's Fresh Fish menu,… Read More
Fred Meyer Stores yesterday named Pacific Seafood Group of Clackamas, Ore., as its Vendor of the Year for 2007.
"Operational excellence is our business model to meet customer needs with top quality products and excellent service, so this is an honor we are very proud of," said Frank Dulcich, president and CEO of Pacific Seafood Group, in a press release. "Fred Meyer is an exceptional partner and we look forward to many more years of service."… Read More
Cold Snap Hits Taiwan Cobia Farms
A recent cold snap that hit Taiwan has resulted in an estimated $3.16 million in damages to fish farms in Penghu County, with most losses seen at cobia farms.
"The damage is more serious than we expected," Cheng Ming-yan, chief of the county's Agriculture and Fisheries Bureau, told Asia Pulse on Wednesday.
Farms in the area are scurrying to harvest at-risk fish to minimize further losses. The Fisheries Bureau… Read More
Retail labeling laws for seafood are uniform in 49 states. Unfortunately, the exception happens to be the most populated state in the union, home to more than 37 million consumers - California. The regulatory rift was widened even further on Monday when the state's Supreme Court reinstated a twice-dismissed consumer lawsuit against retailers that failed to label their farmed salmon as "artificially colored." And the misinformation beat goes on.… Read More
A study published in Monday's edition of the online journal PLoS Biology found wild salmon populations are higher in rivers without fish farms than in rivers with farms.
The peer-reviewed study claims that, in rivers with fish farms, the number of migrating juvenile salmon surviving and returning to spawn declined by an average of 50 percent compared to rivers without fish farms. The study's researchers analyzed data from rivers in Atlantic… Read More
The aquaculture industry has the potential for significant growth because of demand and its ability to innovate, predicted Gunnar Knapp, keynote speaker at the World Aquaculture Society's Aquaculture America 2008 conference and trade show in Orlando, Fla., Feb. 9 to 12.
"Unlike wild fisheries, aquaculture has the potential for continuing demand-driven growth," said Knapp, a professor of economics at the University of Alaska - Anchorage.
… Read More