“Consolidation was coming, and now it’s here.” Foreign investment heats up in US Fishing Industry

The Cooke family’s acquisition of scallop firm Wanchese Fish Company on Friday is one of several signs foreign investors are taking the lead on US seafood consolidation, and this spring, their interest seems to be heating up. The US seafood industry ripe for the picking. A source at a US-based Alaska company, owned by a foreign company, said the US market is also likely attractive to investors due to US fisheries reputation for having the gold standard in management, making them a more reliable investment than fisheries teetering on the brink of instability overseas. Read the rest here  14:30

One Response to “Consolidation was coming, and now it’s here.” Foreign investment heats up in US Fishing Industry

  1. philips66 says:

    Consolidation = Get rid of the American little guys, to make room for Int’l Corporations. That’s the gold standard of Fisheries Management? I call that Un-American to it’s core.

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