Camanchaca to pay $87m for remaining stake in Chilean fishing firm
CEO Ricardo Garcia Holtz has described the purchase of a 30% stake in the pelagics fishing operation it doesn't already own as 'major' and a 'game changer'
Italian insect protein firm plans 40,000t Norway plant in 2027
The ambitious firm is targeting the salmon aquaculture sector, expects to have optimized a 2,500t pilot facility during the second half of 2024, and be breaking even with a commercial product in 2025
Panamanian firm Gava Foods acquires shrimp fleet, expands operations
Panamanian seafood firm Gava Foods, which focuses primarily on producing wild white shrimp in Panama and exporting them to the US, has acquired six vessels
Chile’s Camanchaca strengthens partnership with Spanish tuna processor Frime
Chile's Camanchaca aims to expand its production capacity and solidify its presence in the US and Europe, deepening its ties with current partners
Nissui aims to expand chilled business at home through subsidiary mergers
The Japanese seafood giant is looking to expand its domestic chilled food business through a merger of its three subsidiaries in the sector
Norway’s Torghatten acquires seafood consultancy INAQ for $1.8m
Nova Sea-backed Torghatten Aqua has acquired 66% of the shares in INAQ, and the firm's employees will take over the other 34%
New Red Lobster CEO comes from restructuring firm
Jonathan Tibus will lead the world's largest seafood restaurant chain as the Thai Union Group prepares to sell its stake in the business
J.P. Klausen to bring high-end Kiwi fish to EU after trade deal, Sealord’s Independent buyout
FTA between New Zealand and the EU, combined with Sealord's acquisition of Independent, creates an opening for Denmark-based supplier J.P. Klausen
Maruha snaps up 10% stake in Japan’s largest surimi producer for $19m
Japan's Maruha Nichiro has acquired a minority stake in Kibun Foods with a capital alliance to collaborate in manufacturing at home and developing offshore surimi product markets
Boston M&A panel sees financial strain lifting soon for processors
Disinflation and interest rate cuts could start to ease processors' financial pain after two tough years for the industry, said panelists in a session at the Boston seafood show