Tag Archives: Sullivan brothers
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
