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2019's mega-deals, mergers and acquisitions -- so far

Mergers and acquisitions poured in during the first half of 2019. Here is a roundup of the deals, both big and small, through June.

The first half of 2019 was filled with seafood and aquaculture mergers and acquisitions, many of which are reshaping important sectors of the industry. IntraFish provides this detailed look back at the biggest M&A highlights of the half year.

North America

  • East Coast Seafoods founder and board member Michael Tourkistas (75 percent control) partnered with Spanish seafood giant Profand (25 percent control) to acquire Rhode Island-based frozen-at-sea seafood group Seafreeze.

When? May

Where? United States & Spain

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When? June

Where? United States & Spain

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When? June

Where? United States

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When? May

Where? United States

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When? March

Where? United States & Norway

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  • US-based Merck & Co-owned MSD Animal Health agreed to acquire Norwegian fish health company Scan Aqua, the operational affiliate of Scanvacc.

When? March

Where? United States & Norway

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When? January

Where? United States

Deals in progress

  • Canadian seafood giant Cooke Aquaculture is in talks to potentially acquire all or part of Seattle-based processor Ocean Beauty

When? In progress

Where? Canada

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  • Canada’s Clearwater Seafoods on the look out for mergers and acquisitions in North America and the United Kingdom.

When? In progress

Where? Canada & United Kingdom

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  • Alaska-based Bristol Bay Native Corporation is closing in on an acquisition of Clipper Seafoods and Blue North Fisheries, two of the largest harvesters and marketers of hook-and-line Pacific cod in the United States.

When? July

Where? United States

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Europe

  • Insula-backed Danish seafood canner Amanda Seafoods took over Bornholms and Glyngore driven by rising raw material prices, stagnant retail market and pressures for lower prices both locally and globally.

When? April and July, respectively

Where? Denmark

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When? July

Where? United Kingdom & United States

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  • Dutch seafood companies Almelo and Van Meines merge as AMfish to consolidate processing in one location.

When? June

Where? The Netherlands

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  • French processor and distributor Ocealliance invested $1.7 million as it merges three of its subsidiaries Pecheries de Cornouaille, Maison Stephan Cleach and Furic Maree.

When? March

Where? France

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When? May

Where? Portugal & Spain

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When? January

Where? Denmark

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  • Japanese giant Nissui through its European subsidiary acquired a 75 percent stake in UK seafood processor Flatfish for an undisclosed amount.

When? May

Where? United Kingdom

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When? March

Where? Norway & Scotland

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When? February

Where? Norway

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  • London-based private equity investment firm Permira invested in Hana Group, a provider of sushi to grocery retailers.

When? February

Where? United Kingdom

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When? January

Where? Norway.

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Deals in progress

  • Norwegian investment group Broodstock Capital is considering investments in land-based fish farms to shift from its original focus on ancillary and support businesses to the sector.

When? In progress

Where? Norway

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When? In progress

Where? Europe

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  • Greek seabass and seabream companies Nireus and Selonda are to merge into Andromeda. UAE-based Mubadala and US-based Amerra capital funds will jointly own the merged company .The acquisition is subject to the sale of fish farms that produce 10,000 metric tons of Mediterranean fish and the sale of hatcheries that produce 50 million fry.

When? In progress

Where? Greece

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  • European frozen foods giant Nomad Foods (parent of Birds Eye, Iglo and Findus) sets aside $840 million to use on mergers and acquisitions based on the financial returns.

When? May

Where? Undisclosed

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South America

When? March

Where? Chile

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When? July

Where? Chile & China

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When? June

Where? Chile

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When? March

Where? Chile

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  • Marinasol, the aquaculture subsidiary of Peruvian agro-giant Camposol, – acquired shrimp farmer and exporter La Fragata

When? January

Where? Peru

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  • Chilean salmon farmer Blumar acquired coho producer Salmones Ice Val for $51 million (€45.1 million).

When? January

Where? Chile

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Asia

When? May

Where? Japan & Vietnam

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  • Japanese processing company Nichimo sold its majority stake in Argentinian hoki fishing and surimi processing company San Arawa to Norwegian group Pescamar Holding

When? March

Where? Japan, Argentina, & Norway

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