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

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

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