Canada: High Liner Foods acquires Atlantic Trading LLC
Higher Liner Incorporated, a North America frozen seafood company has acquired salmon importer Atlantic Trading LLC.
Atlantic Trading is one of the largest importers of frozen Atlantic salmon, sourcing its fillets and portions from Chile and Norway and selling them in frozen raw (unprocessed) and value-added formats. Atlantic Trading is also a large importer of fresh salmon products under the brand C.Wirthy & Co who sells its products to a major club store and supercentre operating in the US. The company has annual revenues of approximately $75 to $80 million.
"Our vision is to be the leading frozen seafood supplier in North America and a key component of our strategy is to acquire profitable and complementary businesses like Atlantic Trading", said Henry Demone, CEO of High Liner Foods. "Atlantic Trading sources some of the finest Atlantic salmon available today and will enhance product offerings to our customers".
"Selling Atlantic Trading to High Liner Foods is a natural fit. Atlantic Trading's reputation is built on providing consumers with high-quality salmon selections and an unwavering commitment to sustainability", explained Mr. Knut Skabo, President of Atlantic Trading. "I am confident High Liner Foods will continue these efforts and look forward to working with them to ensure a seamless change in ownership".
Source: High Liner Foods