Tuesday, October 1, 2013

American Seafoods sells East Coast plant

High Liner Foods, a publicly traded Canadian company, today announced it has acquired American Pride Seafoods, a unit of Seattle-based American Seafoods Group, in a $50 million deal.

American Pride is a value-added frozen fish and scallop processor located on the harbor in New Bedford, Mass.

In Alaska, American Seafoods operates a fleet of factory trawlers targeting Bering Sea pollock.

"This sale will allow us to strengthen our position as a producer of premium seafood products from the sustainably managed fisheries in Alaska and the Pacific Northwest and lead the industry in developing new products and markets from those fisheries," said Bernt Bodal, American Seafoods chief executive.

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