Tag Archives: High Liner Foods
Coronavirus: High Liner Foods suspends production at New Hampshire plant
Nova Scotia-based frozen seafood producer High Liner Foods has temporarily suspended all production at its plant in Portsmouth, N.H., because of confirmed COVID-19 cases. The company will redirect some of its production to plants in Lunenburg, N.S., and Newport News, Va. In a news release, High Liner Foods said it will carry out deep cleaning, contact tracing and risk assessment in Portsmouth. “Our priority is the health and safety of our employees who are doing essential work supplying food to families across North America,” Rod Hepponstall, the company’s president and chief executive officer, said in a statement. >click to read< 12:26
Blue Harvest Fisheries will acquire the assets of High Liner’s scallop business along with its facility in New Bedford
Canada-listed High Liner Foods has agreed to sell its scallop business to US group Blue Harvest Fisheries. Under the terms of the deal, Blue Harvest will acquire the assets of High Liner’s scallop business, along with its facility in New Bedford, Massachusetts. High Liner will receive cash proceeds of US$8m for the business and facility, plus additional amounts for scallop inventories. High Liner said it will continue to offer scallops to its customers through a supply agreement with Blue Harvest. The transaction is expected to close within the next several weeks. High Liner had announced in February it would stop value-added fish operations at the New Bedford facility to reduce excess capacity across its production network in North America. Blue Harvest was formed last year with the acquisition of eight Virginia-based scallop vessels and related shore assets from US scallop fishing firm Peabody Corporation. Its acquisition of the High Liner asset is the third Bue Harvest has made in 2016. Read the rest here 14:20
High Liner sets record with $1b in sales
High Liner Foods says its annual sales surpassed the $1-billion mark for the first time ever in 2014 as two recent acquisitions offset the negative effect of a weaker Canadian dollar and higher one-time costs. The Nova Scotia-based frozen seafood company’s sales in the fourth quarter were up 6.5 per cent from the same year-earlier period at US$266.9 million, while annual sales rose 11 per cent or $104.3 million to $1.05 billion. Read the rest here 10:55
High Liner Foods Closing “underperforming” Malden, Mass., Frozen Seafood Plant
High Liner Foods Inc. is moving to reduce excess capacity at its U.S. manufacturing network and cease production at one of its frozen seafood plants in Massachusetts. The leased plant in Malden, Mass., currently has 50 full-time employees and an annual production of about 11.5 million pounds. Read the rest here 15:49
Press Release: New Bedford Fishing Community Fund established to prevent hunger and homelessness for those relying on seafood industry
United Way of Greater New Bedford, Massachusetts Fisherman’s Partnership and High Liner Foods have teamed up to provide short-term emergency aid for individuals and families relying on fishing or the seafood industry for their livelihood. The fund is modeled after a similar fund that High Liner Foods helps to support in the Gloucester area. Read the rest here 16:52
Record Sales and Earnings for High Liner Foods in 2013
“Following years of exceptionally strong growth, we are pleased to report that in fiscal 2013, High Liner Foods achieved the highest sales and earnings in its history,” announced Mr Demone, CEO. “The acquisition of American Pride bolstered sales in the fourth quarter and contributed to a strong finish to the year, which overall, has been a successful year, but hasn’t been without its challenges. Read more@thefishsite 08:29
Cod on rebound, haddock takes hit
The codfish is on the rebound, and that means High Liner Foods CEO Henry Demone has never been more confident in the global supply of wild fish. The Alaska pollock is also in good condition, he says, and that has meant the Lunenburg seafood giant is a big beneficiary. This week, High Liner announced it will pay US$50 million to acquire American Pride Seafoods LLC, a frozen seafood and scallop processing company in New Bedford, Mass., from parent company American Seafoods Group LLC of Seattle. more@chronicleherald 08:51
NL: Workers still without compensation after closure of the High Liner Foods fish processing plant
[BURIN, NL] – Six months after the closure of the High Liner processing plant in Burin, N.L., former workers are still waiting for compensation owed to them. The money, believed to be in $2-million range, is being held in trust and still hasn’t been distributed. continued@Daily Business Buzz
