Fortune International acquires Jubilee Foods, expands seafood sourcing in South
This acquisition expands the Fortune Fish & Gourmet brand South, servicing Alabama, Mississippi, Louisiana and Florida.
Fortune International, LLC, Chicago, acquired Jubilee Foods, Inc. (dba Jubilee Seafood), a BayouLaBatre, Ala.-based seafood distributor and importer. This acquisition expands the Fortune Fish & Gourmet brand South, servicing Alabama, Mississippi, Louisiana and Florida.
Fortune will continue to operate out of the three Jubilee Seafood facilities—BayouLaBatre, Birmingham, Ala., and Picayune, Miss. Patrick Kraver will stay on as vice president and general manager of Fortune Fish & Gourmet – Gulf States.
“Our growth focus has always been the central United States, and Jubilee is the perfect partner for us to expand South,” says Sean J. O’Scannlain, president and CEO of Fortune. “We are eager to build on their strong relationships with the addition of a fresh seafood program and our gourmet portfolio. We will also expand Jubilee’s strong domestic shrimp program within our other divisions.”
Charles Walton Kraver, Sr., founder of Jubilee, will stay on throughout the transition. Kraver also owns Deep Sea, a shrimp processing facility in Bayou La Batre, and Country Girl, a commercial shrimp boat fishing out of Bayou La Batre. Both companies are not included in this acquisition.
“We are excited about the opportunity to join forces with Fortune,” says Patrick Kraver, co-owner and vice president of Jubilee Seafoods. “Fortune has a well-deserved reputation for excellence in seafood, gourmet products and a tremendous history in production. We look forward to growing our business providing, high-quality seafood to our customers.”