Tag Archives: Quin Sea Fisheries Ltd
Is John Risely out to gut Ocean Choice International like a fish? By Ryan Cleary
Nova Scotian John Risley who led a hostile takeover of Fishery Products International in 2001 that led to the company’s demise and the loss of hundreds of rural jobs — appears to be attempting another such takeover. This time of Newfoundland and Labrador-based Ocean Choice International — which bills itself as Canada’s “largest wild fish quota holder,” including highly lucrative snow crab, shrimp, scallops, cod, and turbot. If Risley succeeds he could potentially do to OCI what he did to FPI — gut it like a fish. I say that Risley is no friend of Newfoundland and Labrador, and if he gets his hands on OCI’s quotas the Grand Banks will be sold off to the highest bidder.Ryan Cleary is a former Newfoundland and Labrador MP, long-time journalist, and leader of FISH-NL, a group attempting to represent the province’s fish harvesters in a break-away union from the FFAW. Read the full piece, click here 22:21
Quin Sea sale to Royal Greenland approved by N.L. government
The Newfoundland and Labrador government has approved the sale of one of the province’s largest fish processors to a Greenland company. The Minister of Fisheries and Aquaculture, Steve Crocker, said in a news release Friday that he has accepted the recommendations of the Fish Processing Licensing Board to have Royal Greenland take over . Quin Sea operates a half-dozen plants in the province — the largest one in Old Perlican, Trinity Bay — processing about 11,000 metric tonnes of seafood every year. Read the rest here and here 11:16
