March 16, 2018 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Mitsui & Co (U.S.A.) in a strategic partnership transaction with Mark Foods, a New York-based importer and marketer of quality seafood products to high-end retailers, distributors, and restaurant groups in the U.S.
Mitsui & Co (U.S.A.) is the U.S. subsidiary of Mitsui & Co Ltd, one of the largest general trading companies in Japan and publicly traded on the Tokyo Stock Exchange with $100 billion dollars in total assets. The group owns considerable seafood resources worldwide, including shrimp farming operations in Asia and salmon farming operations in South America.
Established in 2002, Mark Foods is a leading supplier of Chilean Sea Bass, a popular, premium item in the U.S. seafood market. The company also sells lobster, octopus, crab, mussels, shrimp, and other specialty seafood products to top-tier retail and food service accounts nationwide.
The strategic partnership will strengthen Mark Foods’ position in the U.S., as well as create new business opportunities, leveraging Mitsui’s global seafood resources and Mark Foods’ distribution network in the U.S.
So Maehara, General Manager of Food Business Department at Mitsui & Co. (USA), commented: “The U.S. seafood industry is an important market for growth as rising consumer health awareness has contributed largely to marine products today being the largest share of food imported into the U.S. The Seafood Team at Antarctica Advisors provided Mitsui with valuable industry expertise and knowledge, which made it possible for Mitsui to consummate the alliance with Mark Foods.”
Birgir Brynjolfsson, Partner at Antarctica Advisors, commented: “The partnership between Mitsui and Mark Foods will allow both parties to leverage their strengths for accelerated expansion in the U.S. seafood market. Mitsui has made a strong commitment to support the growth of Mark Foods, where they have found exceptional partners in the management team and employees, who are focused on executing the long-term growth strategy.”
Antarctica Advisors is an independent investment banking firm providing its corporate clients in the Seafood Industry with specialized M&A advisory services. Antarctica has in recent years assisted several global seafood companies in entering the U.S. market. The firm’s highly-specialized Seafood Team is comprised of professionals with significant Seafood Industry knowledge and expertise, as well as a proven track record of success in transaction execution.
For further information contact:
Ignacio Kleiman, Antarctica Advisors LLC, + Tel. +1-305-961-1638, IKleiman@AntarcticaLLC.com
Antarctica Advisors LLC is a licensed broker-dealer, member of FINRA and SIPC
For further information on Antarctica Advisors LLC please visit www.AntarcticaLLC.com