National Fish and Seafood needs to identify the trade secrets that it alleges Tampa Bay Fisheries obtained in the ongoing legal battle between the two major seafood suppliers, according to newly-filed court documents.
Gloucester, Massachusetts, U.S.A.-based National Fish and Seafood alleges that its former executive Kathleen Scanlon stole trade secrets on NFS’s proprietary Matlaw’s clam production process, and gave them to her… Read More
The Winter Fancy Food Show kicked off 2019 with a resounding buzz, featuring more than 2,400 exhibitors from over 50 countries showcasing all manner of products from cheese and chocolate, to ramen and jerky, to functional foods seemingly “free” from everything except flavor.
Featuring country pavilions such as the United Kingdom, Japan, France, Italy, the Philippines, Spain, Greece, Mexico, Canada, and Brazil, it was guaranteed that… Read More
Atlantic Capes Fisheries and BJ’s Service Company, Inc. have agreed to pay a total of USD 675,000 (EUR 587,600) in a settlement with the U.S. Equal Employment Opportunity Commission related to four women who said they were sexually harassed in the workplace.
The lawsuit, which was settled on 30 January, stems from allegations by the EEOC that sexual harassment was perpetrated by managers, line supervisors, and co-workers of IQF… Read More
The Sustainable Fisheries Partnership is crediting work performed at its global squid supply chain roundtable for the rapid improvement in the sustainability of squid fisheries globally.
According to SFP, nearly one-fifth of all squid produced globally can now be classified as either sustainable or improving toward sustainability. That’s in stark contrast to just a year ago, when SFP estimated that less than one percent of squid… Read More
The Pew Charitable Trusts is coming out in support of a program that would allow recreational fishermen to help reduce the mortality rates of some of the most popular stocks in the southeastern United States.
In an article posted on its website, Pew’s Holly Binns and Leda Cunningham said fishermen seeking to catch and release reef fish, such as black sea bass and red snapper, inadvertently kill more than 10 percent of the stocks.… Read More
Correction: In a previous version of this story, SeafoodSource erroneously reported that a ruling had been issued in favor of admitting National Fish and Seafood's request. In fact, no decision has been made on NFS' application as yet and no order has been signed.
National Fish and Seafood is demanding more than USD 30 million (EUR 26.3 million) in repayment from its parent company, according to new court documents filed this month in the… Read More
Global foodservice distributor Sysco is acquiring Waugh Foods, a distributor of numerous food products, including fresh and frozen seafood.
East Peoria, Illinois, U.S.A.-based Waugh, which delivers throughout central Illinois, boasts around USD 40 million (EUR 35 million) in annual sales. It offers nearly 600 seafood products, including battered shrimp, cod taco portions, catfish fillets, mahi mahi, halibut steaks, and salmon… Read More
At the beginning of the panel on premium finfish at the 2019 Global Seafood Market Conference in Coronado, California, on 15 January, moderator Derek Figueroa, the chief operating officer of Denver, Colorado, U.S.A.-based Seattle Fish Company, flashed a slide with the definition of both “premium” and “premium seafood.”
- Premium: Noun – a high-value or a value in excess of that normally or usually expected. Adjective
Tuscaloosa, Alabama, U.S.A.-based SouthFresh Aquaculture has filed for Chapter 11 bankruptcy, becoming the latest chapter in the saga of the struggling U.S. catfish sector.
In a 28 January court filing, the company listed USD 10 million to 50 million (EUR 8.8 million to 43.8 million) in assets and the same amount in liabilities. SouthFresh Chief Financial Officer Justin Funk, who authored the filing on behalf of SouthFresh, wrote that the… Read More
Despite being up for sale, Young’s Seafood sales and earnings rose in 2018.
The company’s sales increased 4.3 percent to GBP 545.9 million (USD 718 million, EUR 629 million) for fiscal year 2018, while EBITDA jumped 13.3 percent to GBP 23 million (USD 30, EUR 26 million).
“Sales growth, contract wins and cost saving initiatives have resulted in significant EBITDA growth for our business this year. Young’s Seafood has a… Read More