Global seafood players need to buy US market access, says advisor on Mitsui investment in Mark Foods

The investment from Mitsui & Co in Mark Foods shows large, global groups are realizing acquiring or investing in a US distributors is the fastest way to get access to the market, said the advisor to the giant Japanese conglomerate on the deal.

“Global companies are realizing it takes a lifetime to build a market position in the US. The only way to achieve a strong position in the US market is through partnership or an acquisition of a well-established company,” Birgir Brynjolfsson of Antarctica Advisors, who worked as the exclusive advisor to Mitsui on the deal, told Undercurrent News.

Mitsui, which has also has minority stakes in the salmon farming arm of Chile’s Multiexport Foods and Vietnamese shrimp supplier Minh Phu Seafood, already has a US operation involved in the food sector.

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Antarctica Advisors Acts as Exclusive Investment Banking Advisor to Mitsui & Co (U.S.A.) in a Strategic Partnership Transaction with Mark Foods

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.

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Chile salmon sales consolidation could lead to more mergers in future

There will be more consolidation on the sales side amongst Chilean salmon farmers in 2017, which could lead to more mergers in the future, according to a top industry dealmaker.

“The Chilean export industry has been relatively fragmented on the sales side; this has been an issue for years. Now, they have got their heads above the water and they can start to do those kinds of ventures,” Kolbjorn Giskeodegard, the seafood director at Nordea Bank’s equity research unit, told Undercurrent News.

This should develop further, however.

“We think that the consolidation the downstream Chilean salmon producers are undertaking is the beginning of the process that will result in fewer players on the production front as well,” Ignacio Kleiman, managing partner at seafood-focused investment firm Antarctica Advisors, told Undercurrent.

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Antarctica Advisors LLC Successfully Arranges and Closes CAD 240 million in new credit facilities for Ocean Choice International L.P.

Miami. November 18, 2016 – Antarctica Advisors LLC, the leading Seafood Industry-focused advisory firm, acted as the investment banking advisor to Ocean Choice International L.P. (“OCI”) in the CAD 240 million refinancing of its credit facilities with a syndicate of Canadian and U.S. lenders.

St. John’s, Newfoundland-based OCI is a leading vertically integrated seafood company engaged in harvesting, processing and marketing of a diverse range of Groundfish and Shellfish species for domestic and international markets. OCI operates six frozen-at-sea fishing vessels and five processing plants employing over 1,700 people in Atlantic Canada and at sales offices around the world.  Read more

Antarctica Advisors LLC Acts as the M&A Advisor to Sea Watch International in the Acquisition of Bar Harbor Foods

Miami. September 6, 2016 – Antarctica Advisors LLC, the leading Seafood Industry-focused investment banking firm, acted as the M&A advisor to Sea Watch International Ltd. in the acquisition of Looks Gourmet Foods Holding Company Inc. (d.b.a. Bar Harbor Foods).

Maryland-based Sea Watch International, the largest integrated producer of clam products in the U.S., on Friday completed the acquisition of Bar Harbor Foods, a leading producer of branded quality seafood products for retail.

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Antarctica Advisors International Announces Opening of its Representative Office in Chile

Miami – March 04, 2016 Antarctica Advisors International Corp, a leading US-based Food Industry-focused independent investment banking firm, announced today the opening of its new office in Santiago, Chile. The office in Chile will support Antarctica’s growth in South America and allow the firm to better service its corporate clients in the region, offering knowledge-based transaction advisory services in the Food sector.

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Oceana confirms $382m deal for Daybrook Fisheries

South Africa’s Oceana Group has confirmed a deal with the parent company of US menhaden harvester Daybrook Fisheries, for $382.3 million.

The board of directors of Oceana has announced that it has concluded an agreement to acquire 100% of the the firm indirectly, by combination of a merger and stock purchase, for approximately ZAR 4.6 billion, which will be settled in cash.

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Oceana deal could spark new wave of US M&A

South African firm Oceana’s $382.3 million (€341.1 million) acquisition of US menhaden fishing and processing group DaybrookFisheries may embolden other foreign companies to begin investing in the fragmented US seafood sector, and put pressure on domestic players to get involved as well, according to Ignacio Kleiman of Antarctica Advisors, the sole US investment banking advisor on the Oceana deal.

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