Canada-based High Liner Foods acquired Atlantic Trading Co., LLC, Weston, Fla.
Atlantic Trading is an importer of frozen Atlantic salmon in the United States. Its premium quality Atlantic salmon fillets and portions are sustainably sourced from Chile and Norway and sold in frozen raw (unprocessed) and value-added formats. Atlantic Trading is also a large importer of fresh salmon products.
Atlantic Trading's revenues range between $75-80 million annually. High Liner Foods expects the acquisition to more than double its sales in salmon products.
"Our vision is to be the leading frozen seafood supplier in North America, and a key component of our strategy is to acquire profitable and complementary businesses like Atlantic Trading," says Henry Demone, chief executive officer of High Liner Foods. "Atlantic Trading sources some of the finest Atlantic salmon available today, and will enhance product offerings to our customers."
"Selling Atlantic Trading to High Liner Foods is a natural fit. Atlantic Trading's reputation is built on providing consumers with high-quality salmon selections and an unwavering commitment to sustainability," says Knut Skabo, president of Atlantic Trading. "I am confident High Liner Foods will continue these efforts and look forward to working with them to ensure a seamless change in ownership."
High Liner Foods does not anticipate making any changes to the operations of Atlantic Trading following the acquisition.