Northern Harvest Sea Farms and North Coast Seafoods offered as a package deal?

Salmon Business

Canada-based Northern Harvest Sea Farms and North Coast Seafoods, a processor and distributor headquartered in Boston, Massachusetts, are reported to be being offered for sale as a combined deal, or individually.

The companies have common ownership.

The news was first reported by Undercurrentnews, quoting four unnamed sources with knowledge of the process.

Undercurrentnews claims the anonymous sources have stated that the combined turnover of the two businesses is around $300m and EBITDA combined is around $40m.

There have been no official comments from Northern Harvest Sea Farms or North Coast Seafoods. The Norwegian bank DNB is rumored to running the sale process, but has not given any comments.

Northern Harvest Sea Farms produces annually 20,000 tonnes of salmon.


Related Articles