Once the facility comes online, it will serve as Kingfish’s first production facility in the US as the company looks to replicate its successful operation in Europe and establish significant local sustainable seafood production for US retailers and food service.
The purchase follows the approval of two final permits from the State of Maine Department of Environmental Protection (MDEP) earlier this month, that enable Kingfish Maine to advance to pre-construction design and engineering on schedule. Both critical water-side permits were obtained earlier during 2021.
"These announcements represent a major milestone in The Kingfish Company's execution of its expansion strategy, and its focus on technology driven local production of high value import dependent seafood in the EU and the US,” said Ohad Maiman, Founder and Chief Executive Officer of The Kingfish Company.
"The Kingfish Maine is one step closer to achieving fully operational status, and we are ready to build on our proven blueprint, and scale our technology locally to service our network of distributors nationwide."
Kingfish Maine is a wholly-owned subsidiary of The Kingfish Company- the largest Yellowtail Kingfish producer in the EU – and will deploy the same advanced technology and operational excellence proven in the Netherlands to become the largest producer of Yellowtail Kingfish in the US once the Jonesport facility is operational.
In recent months, Kingfish confirmed a US nationwide retail partnership with Whole Foods to sell the company’s yellowtail product at all locations across the country.