After passing $600m sales, Southwind looks to organic growth with M&A valuations high
Further growth more likely to come from organic initiatives due to the high valuations from a strong 2021 for the sector as a whole, said president Sam Galletti
China slaps five-month ban on shrimp imports from Omarsa plant
China has slapped five-month bans on imports from an Omarsa Group shrimp plant in Duran, Ecuador, as well as a plant operated by Exportadora Total Seafood
Ocean Choice set to open $16m Canadian value-added plant in Q4, eyes EU move
The company plans to use the plant to launch value-added products from 15 species, including scallops, coldwater shrimp, redfish and Greenland halibut
Labeyrie’s UK divisions ride out COVID, Brexit with strong 2021 profits
Turnover and earnings were both up year-on-year at shrimp supplier Lyons Seafoods and Farne Salmon & Trout, each of whom predominantly sell to retail
Minh Phu puts $2m into domestic sales subsidiary
The Vietnamese shrimp firm has upped the charter capital of Minh Phu Green Food by VND 48bn, in an effort to boost domestic sales
Ghana’s Tropo Farms courts investors as it forges ahead on tilapia market ambitions
One of the biggest tilapia producers in sub-Saharan Africa, Tropo Farms is expecting to have new investment tied up by Q3 this year
Editor’s choice: US ban on Russian seafood the talk of Boston
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
Judge finds for AquaChile in 2019 dispute, orders Santa Barbara smokehouse to pay $550k
A US court has found against Santa Barbara Smokehouse and ordered it to pay over $550,000 to former salmon vendor AquaChile in a case relating to a 2019 dispute
Southwind says no to Russian seafood processed in China
US processor Southwind Foods will not need to wait for clarity on whether it can continue to buy double frozen fish fillets from China using Russian raw material
Trident CEO: Kleemeyer ‘personally responsible’ for turning Pickenpack around
Joe Bundrant, CEO of Trident Seafoods, paid tribute to the work of the executive who headed up the US firm's value-added European operations until recently