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American Seafoods is poised to capitalize on the global seafood industry’s growing demand for high-quality products.
American Seafoods Reaffirms Focus on Business and Growth Prospects
(UNITED STATES, 7/8/2024)
American Seafoods Group, a global leader in sustainable proteins and one of the world’s largest at-sea processors of wild Alaska pollock and wild Pacific hake, announced today that the company has paused its sale process.
“We have paused our sales process, so we can continue to focus on our business and customers,” said Einar Gustafsson, CEO of American Seafoods.
American Seafoods operates a fleet of seven fishing vessels in the sustainable fisheries of the Bering Sea and the North Pacific Ocean.
“Our business remains strong, and we look forward to revisiting these discussions when the macroeconomic environment improves and when our valuation is consistent with the strength of our company. With strong growth prospects ahead, American Seafoods is excited to remove this overhang and refocus ourselves on our day-to-day operations. Our company is poised to capitalize on the global seafood industry’s growing demand for high-quality products, and now we can get back to fully concentrating on running the greatest fishing company in the world.”
American Seafoods is the world’s largest at-sea processor of Wild Alaska Pollock and hold the largest allocation of Wild Pacific Hake.
Bregal Partners, a current shareholder of American Seafoods, previously announced in 2023 their intent to pursue the realization of their interests in all companies in the Bregal Partners I portfolio, which included American Seafoods. With American Seafoods’ decision to pause its sales process, the company will remain in the portfolio.
American Seafoods' unique capacity, along with control over a worldwide distribution network, affords unprecedented opportunities for the delivery of higher-quality seafoods to operators virtually year-round.
About American Seafoods Group
American Seafoods Group is a global leader in sustainable proteins and in the harvesting, processing, preparation and supply of frozen at sea, wild-caught seafood.
Harvesting a variety of fish species from the rich, pristine waters of Alaska and the Pacific Northwest, American Seafoods processes seafood into a wide array of finished products on board its state-of-the-art fleet of vessels. American Seafoods produces a diverse range of fillet, surimi, roe and block product offerings, made from Alaska pollock, Pacific hake, Pacific cod, and yellowfin sole that yielded 1.3 billion servings of sustainable seafood in 2023.
Finished products from the company's sustainable fisheries are sold worldwide through an extensive global distribution and customer support network. From the ocean to the plate, American Seafoods has established a global sourcing, selling, marketing and distribution network bringing sustainably-harvested seafood to consumers worldwide.
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