The 31,500-square-foot addition will house two new full processing lines to accommodate an increase in demand.

Southern Foods, a Cheney Brothers, Inc. affiliate, is a full-service seafood, premium meats, artisanal cheese and global and local specialty goods supplier.

IBH ehf. previously acted as Interroll’s sales agent for Iceland and the Faroe Islands.

The 40-acre, $450-500 million property boasts abundant access to sea- and freshwater resources.

The 10-acre lot, situated near the corner of Edward Street and Gaylord Road in St. Thomas, will employ over 50 employees.

The HDC worked with students from UMass Dartmouth’s Charlton College of Business to develop a website where national and international buyers can browse New Bedford’s processors and fish houses and the seafood they sell.

By virtue of the acquisition, Blue Harvest will begin marketing and distributing company-landed scallops, bluefin tuna and swordfish directly to customers.