M&A Deal Summary

Blue Harvest Fisheries Acquires High Liner Foods - Scallop Business

On September 12, 2016, Blue Harvest Fisheries acquired food company High Liner Foods - Scallop Business from High Liner Foods

Acquisition Highlights
  • This is Blue Harvest Fisheries’ 2nd transaction in the Food sector.
  • This is Blue Harvest Fisheries’ 3rd transaction in the United States.
  • This is Blue Harvest Fisheries’ 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2016-09-12
Target High Liner Foods - Scallop Business
Sector Food
Buyer(s) Blue Harvest Fisheries
Sellers(s) High Liner Foods
Deal Type Divestiture

Target

High Liner Foods - Scallop Business

New Bedford, Massachusetts, United States
High Liner Foods, Inc. - Scallop Business includes scallop processing and distribution.

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Buyer(S) 1

Buyer

Blue Harvest Fisheries

New Bedford, Massachusetts, United States
Category Company
Sector Agriculture
DESCRIPTION

Blue Harvest Fisheries is devoted to the sustainable harvesting, processing, and marketing of MSC certified premium Atlantic sea scallops. Blue Harvest is committed to harvesting seafood from only well-managed, sustainable fisheries, and further strives to have all its seafood third-party certified for sustainability. Blue Harvest Fisheries is based in New Bedford, Massachusetts.

DEAL STATS #
Overall 3 of 3
Sector (Food) 2 of 2
Type (Divestiture) 1 of 1
State (Massachusetts) 3 of 3
Country (United States) 3 of 3
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Hygrade Ocean Products

New Bedford, Massachusetts, United States

Hygrade Ocean Products, Inc. is a processor and distributor of scallops, cod, and other premium fish products.

Buy -

Seller(S) 1

SELLER

High Liner Foods

Lunenburg, Nova Scotia, Canada
Category Company
Founded 1899
Sector Food
Employees1,202
Revenue 1.1B USD (2023)
DESCRIPTION

High Liner Foods is a North American processor and marketer of value-added frozen seafood. High Liner Foods was incorporated in 1899 and is based in Lunenburg, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 Atlantic Trading

Weston, Florida, United States

Atlantic Trading Co. LLC is an importer of frozen and fresh salmon products in the U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Rubicon Resources

Culver City, California, United States

Rubicon Resources LLC is a seafood company, that specializes in frozen shrimp. Rubicon Resources LLC was founded in 1999 and is based in Culver City, California.

Buy $107M
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