Clearwater Seafoods to buy U.K.’s largest producer of wild shellfish in $195m deal

October 9, 2015 Canada, International News

Clearwater Seafoods Inc. has a $195-million deal to acquire the United Kingdom’s largest producer of wild shellfish. Bedford-based Clearwater announced the deal with Scotland’s Macduff Shellfish Group Ltd. on Friday. The transaction is expected to close by the end of the month. The purchase price is C$187 million, including a cash payment of $71 million. The Nova Scotia company is also assuming amost $8 million in seasonal working capital debt. Read the rest here 09:36

Clearwater Seafoods, Scotland’s Macduff Shellfish Group Ltd

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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