M&A Deal Summary

Aquamar Acquires Shining Ocean

On December 10, 2021, Aquamar acquired food company Shining Ocean

Acquisition Highlights
  • This is Aquamar’s 2nd transaction in the Food sector.
  • This is Aquamar’s 2nd transaction in the United States.
  • This is Aquamar’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-12-10
Target Shining Ocean
Sector Food
Buyer(s) Aquamar
Deal Type Add-on Acquisition

Target

Shining Ocean

Sumner, Washington, United States
Shining Ocean is a surimi seafood business under the Kanimi brand that provides Seafarer and Crab Smart Natural products. The company is also known for introducing innovative new products into the marketplace. Among its innovations are the first branded retail product fortified with Omega 3 fish oil, the first retail product to use no phosphate surimi with all-natural flavors, and the first to color surimi with lycopene, made from tomatoes. Shining Ocean was formed in 1985 and is based in Sumner, Washington.

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Buyer(S) 1

Buyer

Aquamar

Rancho Cucamonga, California, United States
Category Company
Founded 1991
Sector Food
DESCRIPTION

Aquamar is a producer of both frozen and refrigerated products, most of which are sold under the Aquamar brand name. Aquamar manufacturers of shred style surimi in North America, selling to restaurant/foodservice customers and major retailers. Aquamar was founded in 1991 and is based in Rancho Cucamonga, California.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 LM Foods

Carteret, New Jersey, United States

LM Foods LLC is a producer of frozen, private label surimi seafood, offering premium, select and value products and also selling premium products under the Classic Bay brand name. LM Foods was founded in 1990 and is based in Carteret, New Jersey.

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