The Peruvian company Océano Seafood, based in Lima, has acquired the entire company Sea Fresh USA, located in Kingston, Rhode Island, marking its first investment in North America.
According to Antarctica Advisors, which acted as their investment banking advisor during the sale process, this was a success. Moreover, with this acquisition, Océano Seafood will be able to expand its international presence and enhance its ability to source seafood products in the United States.
James Fox, the owner of Sea Fresh USA, explained, "Océano has been our customer for several years, and we are excited to be their first acquisition in the American market." With this move, the company, known for its fresh and frozen squid products distributed through retail and food service, is advancing into a new phase.
Océano Seafood, conversely, is enthusiastic about its inaugural acquisition and has intentions of further expansion within the North American market. Ignacio Tirado, President of Océano Seafoods, expressed, "It is an honor to perpetuate Jim Fox's legacy and collaborate with the proficient management of the company. Our objective is to persist in investment and fostering the business in the U.S., while seamlessly integrating our worldwide sourcing capabilities."
Océano Seafood is a group that specializes in the production and distribution of high-quality hydrobiological products from Peru and Ecuador. Their commitment to sustainability and flexible processes allows them to navigate market fluctuations successfully. Furthermore, their horizontally structured organization fosters collaboration among team members to ensure top-notch results in the fishing industry.
Established in 1981, Sea Fresh USA serves local fishermen and the global market. They manage every aspect of the seafood production process, from fishing to unloading to sourcing wild-caught seafood. Furthermore, Sea Fresh USA assures quality seafood with their fishing vessels, dock, and BRC-certified processing facility. Additionally, their state-of-the-art food production facility in North Kingstown employs over 100 workers year-round and produces premium Rhode Island calamari.
Antarctica Advisors is a prominent independent investment banking firm specializing in advisory services within the seafood industry. The U.S. company's seafood team is composed of seasoned professionals with extensive expertise in the seafood sector and a demonstrated history of successful transaction execution. This specialization establishes Antarctica Advisors as a reliable partner for seafood businesses in search of strategic financial guidance.