Clearwater Seafoods buys Scottish crabber as part of bid to expand in Europe

Seafood giant Clearwater Seafoods is beefing up its presence in Europe by buying a crab fishing boat and licence and is casting its eye on other potential acquisitions. The Bedford-based company picked up the Heather K., a Scottish crabber, in July for an undisclosed amount. “It was nominal (amount) relative to our total capital expenditures,” Ian Smith, chief executive officer of Clearwater Seafoods, said Thursday during the company’s second-quarter earnings call. “What is important about that is that it was the beginning of our vertical integration in Scotland.” In late 2015, Clearwater Seafoods bought all of the shares of Scotland’s MacDuff Shellfish Group Ltd. for £94.4 million.(photo, shipspotter.com) click here to read the story 11:59