M&A Deal Summary

High Liner Foods Acquires American Pride Seafoods

On October 1, 2013, High Liner Foods acquired food company American Pride Seafoods from American Seafoods for 35M USD

Acquisition Highlights
  • This is High Liner Foods’ 1st transaction in the Food sector.
  • This is High Liner Foods’ 2nd largest (disclosed) transaction.
  • This is High Liner Foods’ 1st transaction in the United States.
  • This is High Liner Foods’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2013-10-01
Target American Pride Seafoods
Sector Food
Buyer(s) High Liner Foods
Sellers(s) American Seafoods
Deal Type Divestiture
Deal Value 35M USD

Target

American Pride Seafoods

New Bedford, Massachusetts, United States
American Pride Seafoods LLC is primarily a value-added frozen seafood foodservice and scallop processing business

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Buyer(S) 1

Buyer

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 3
Sector (Food) 1 of 3
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING 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 -

Seller(S) 1

SELLER

American Seafoods

Seattle, Washington, United States
Category Company
Founded 2000
Sector Food
Employees1,000
DESCRIPTION

American Seafoods is a catcher-processor of Alaska pollock in U.S. Bering Sea and a harvester of fish for human consumption in United States. The Company owns protected rights to harvest pollock and also holds the right to participate in three other fisheries, including pacific whiting (hake), yellowfin sole, and pacific cod. American Seafoods was founded in 2000 and is based in Seattle, Washington.

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 (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 Good Harbor Fillet

Gloucester, Massachusetts, United States

Good Harbor Fillet Co. LLC engages in the production and distribution of frozen seafood products in the United States.

Buy -
Mergr

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