Fortuna Acquires UK-Based Ocean Fish from the Falkland Islands
Falkland Islands-based Fortuna has successfully acquired Ocean Fish Group, marking its strategic expansion into the UK fishing sector. While financial terms of the transaction remain...
Tag : seafood industry
Mitsubishi Withdraws from Stake Increase in Thai Union
Thai Union Group announced that a proposal from Japanese conglomerate Mitsubishi Corp. to boost its stake in the seafood giant has encountered significant challenges. The...
Sealord to Shut Down Factory Due to “Significant Challenges”
New Zealand seafood processor Sealord plans to close its factory in Nelson, jeopardizing 79 permanent jobs. Today, on 5 September, Sealord announced it has initiated...
Kyokuyo Acquires Danish Seafood Canner to Enhance Global Portfolio
Japanese seafood giant Kyokuyo Co. is acquiring a majority stake in a Danish seafood processor and distributor. This strategic move marks its latest effort to...
Iceland Pledges to Enhance Prawn Welfare Standards in Response to Activist Advocacy
Iceland has made a significant commitment to enhancing the welfare of crustaceans in its supply chain. By the end of 2027, the retailer will eliminate...
Fortifi Expands Portfolio with Acquisition of Canadian Crustacean Processing Equipment Manufacturer
Fortifi Food Processing Solutions has successfully acquired Area 52, a Canadian company specializing in automated crustacean processing, particularly through their patented solutions for lobster and...
Pacific Seafood to Expand into Europe with New Office Launch
Pacific Seafood, a US-based business engaged in fishing, processing, and distribution, has recently opened its first European office as a pivotal “gateway” for expansion into...
New Leadership at Japanese Seafood Giant Nissui
Japanese seafood titan, Nissui Group, recently appointed Teru Tanaka as its new president and CEO. Tanaka will officially take over the leadership role in May....
Mowi Increases Ownership in Competitor Nova Sea to 95%
Norwegian salmon farming leader Mowi is set to acquire Vigner Olaisen’s 46% stake in local competitor Nova Sea for Nkr7.4bn ($655m). This acquisition will effectively...
Trident Seafoods Introduces COO Position Amid Management Reorganization
In a significant move reflecting its commitment to innovation, US-based Trident Seafoods has announced a series of executive appointments, notably establishing the new position of...