High Liner Foods, Canada, acquired Rubicon Resources, LLC, a Culver City, Calif.-based sustainably sourced frozen shrimp producer to the private label market.
"I am pleased to announce that High Liner Foods signed a definitive agreement to acquire Rubicon Resources, LLC, a significant player in the U.S. shrimp market," says Keith Decker, president and CEO. "Rubicon is an ideal acquisition for High Liner that will provide sales and earnings growth and expedite diversification of our product portfolio to aquaculture species, like shrimp, that are experiencing stronger growth rates in North America."
"Rubicon's business is built on a commitment to bringing U.S. consumers high-quality sustainable seafood products, and at the heart of our success are the long-term strategic partnerships we've built with our trusted suppliers," adds Brian Wynn, president and founder of Rubicon Resources. "We've focused on making seafood simple for our customers through innovation, collaboration and creativity, which aligns perfectly with High Liner Foods' mission to drive seafood consumption through innovative solutions that make it easy for North Americans to enjoy delicious and healthy seafood."
Wynn will continue as Rubicon's president.