A Peruvian seafood group with an annual turnover of more than $400m has inked a deal for one of the major players in the US squid sector Continue reading
Tag Archives: Mergers and Acquisitions
Investment firm Oquendo takes control of Spain’s Discefa
Madrid-based private debt management firm Oquendo has become the largest shareholder in octopus processor Discefa, now controlling 75% of the company Continue reading
Ocean Choice CEO: Newfoundland shrimp plant ‘hasn’t made sense for years’
Ocean Choice held onto a coldwater shrimp processing plant it sold to Barry Group for much longer than it made economic sense, CEO Martin Sullivan told Undercurrent News Continue reading
Mitsubishi puts Princes sale ‘on a break’ until September after low bids
Mitsubishi will re-start the sale process of its UK-based Princes operation after the summer as bids came in lower than its valuation, sources familiar with the situation told Undercurrent Continue reading
Peruvian group completes deal for bankrupt Spanish cephalopod plant
Oceano confirmed to Undercurrent News it had concluded a deal to buy Pesfasa, a bankrupt Spanish cephalopod processor, for €1.8 million Continue reading
Report: Cooke slashes Pescanova offer after finding holes in accounts
Canada's Cooke has reportedly dramatically reduced its offer for Nueva Pescanova after due diligence has uncovered lower earnings than reported and other financial issues Continue reading
Boston Sword closes sale to Fortune, opens $12m plant expansion
US importer and processor Boston Sword & Tuna has completed its sale to Fortune International, having just opened a $12m expansion to its plant Continue reading
Dulcich ‘considers options’ on American Seafoods as Decker, Humphreys step down from board
Pacific Seafood CEO Frank Dulcich is said to be mulling his options with regard to American Seafoods, which Bregal Partners has announced it will sell Continue reading
Peter Pan’s May confirms Silver Bay JV talks off table
'It looks like nothing will happen regarding a joint venture between Peter Pan and Silver Bay in Prince William Sound,' Peter Pan president Rodger May confirms to Undercurrent News
Wulf’s Fish, Seatopia enhance collaboration to capitalize on evolving seafood trends
Mike Moniz, CEO of Wulf's Fish, and James Arthur Smith, CEO and co-founder of Seatopia, discuss how the former's investment in Seatopia will help strengthen their businesses further and stay ahead of industry trends Continue reading
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