M&A Deal Summary

Phillips Foods Acquires South Shore Seafoods

On March 13, 2024, Phillips Foods acquired food company South Shore Seafoods

Acquisition Highlights
  • This is Phillips Foods’ 1st transaction in the Food sector.
  • This is Phillips Foods’ 1st transaction in Canada.
  • This is Phillips Foods’ 1st transaction in Prince Edward Island.

M&A Deal Summary
Date 2024-03-13
Target South Shore Seafoods
Sector Food
Buyer(s) Phillips Foods
Deal Type Special Situations/Distressed
Advisor(s) Deloitte (Financial)

Target

South Shore Seafoods

Alberton, Prince Edward Island, Canada
website
South Shore Seafoods is a Canadian seafood processor & distributor. South Shore Seafoods was founded in 1986 and is based in Alberton, Prince Edward Island.

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Buyer(S) 1

Buyer

Phillips Foods

Baltimore, Maryland, United States

website

Category Company
Founded 1914
Sector Food
DESCRIPTION

Phillips Foods is a processor and distributor of seafood products. With various product offerings from crab to barramundi fish, the Company sells its products to a diverse client base including foodservice, leading food retailers and club stores. Phillips Foods was founded in 1914 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Prince Edward Island) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

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