Blue Harvest Fisheries LLC acquires High Liner Foods’ scallop business
Blue Harvest Fishers LLC acquired High Liner Foods’ scallop business and processing facility in New Bedford, MA in September 2016. Blue Harvest entered into the scallop processing and distribution business earlier in 2016 through a prior transaction, and as a result this transaction further strengthens Blue Harvest’s emerging scallop segment. This transaction was a result of a shift in vision and strategy by High Liner Foods’ management. The company has placed a focus on creating a vertically integrated seafood brand.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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