Maine lobstermen figured out how to make more money off their catches

A lobstermen-only fishing organization has purchased a local lobster wholesale business, extending the reach of its members further down the distribution chain and giving them a greater share of the profit off their catch. The Maine Lobstering Union, formed in 2013 in the wake of a sharp drop in prices paid to lobstermen by dealers, is buying Seal Point Lobster Co., a wholesale lobster distribution firm owned by the Pettegrow family. The Pettegrows also own the Trenton Bridge Lobster Pound restaurant, which is not part of the sale.,, “It’s about putting lobstermen in a better position in the value stream on the shore side of the industry that they’ve never had access to,” Pitcher said recently. Read the story here 08:35