The acquisition of High Liner Foods’ scallop business further strengthens Blue Harvest’s existing processing and distribution capabilities. Blue Harvest entered the scallop processing and distribution business in August 2016 via the acquisition of Hygrade Ocean Products, Inc.
“HLF’s expertise and distribution capabilities in the frozen scallop market are highly complementary to our existing capabilities in the fresh scallop market,” said Mr Jeff Davis, CEO of Blue Harvest Fisheries.
Mr Davis continued by saying: “Through this acquisition we will grow our customer base, increase our portfolio of quality assured products, and build increased presence in the premium seafood marketplace.”
Mr Keith Decker, President and CEO of High Liner Foods stated: “We are pleased to conclude this transaction with Blue Harvest and look forward to working with them to continue to offer high-quality, sustainable scallop products to our valued customers."
Mr Scott Perekslis, Managing Partner and co-founder of Bregal Partners said, “We are pleased to support management’s vision and strategic direction to be a premier provider of sustainable seafood products. This acquisition speaks to the Company’s strategy of creating a vertically-integrated seafood brand that is anchored in trust, quality, and sustainability.”
