American Seafoods Reaffirms Focus on Business and Growth Prospects
03 Julio 2024 - 2:00PM
Business Wire
Sale process is paused with plans to revisit in
a more favorable macroeconomic environment
American Seafoods Group (“American Seafoods” or “the Company”),
a global leader in sustainable proteins and one of the world’s
largest at-sea processors of wild Alaska pollock and wild Pacific
hake, announced today that the company has paused its sale
process.
“We have paused our sales process, so we can continue to focus
on our business and customers,” said Einar Gustafsson, CEO of
American Seafoods. “Our business remains strong, and we look
forward to revisiting these discussions when the macroeconomic
environment improves and when our valuation is consistent with the
strength of our company. With strong growth prospects ahead,
American Seafoods is excited to remove this overhang and refocus
ourselves on our day-to-day operations. Our company is poised to
capitalize on the global seafood industry’s growing demand for
high-quality products, and now we can get back to fully
concentrating on running the greatest fishing company in the
world.”
Bregal Partners, a current shareholder of American Seafoods,
previously announced in 2023 their intent to pursue the realization
of their interests in all companies in the Bregal Partners I
portfolio, which included American Seafoods. With American
Seafoods’ decision to pause its sales process, the company will
remain in the portfolio.
About American Seafoods Group
American Seafoods is a global leader in sustainable proteins and
in the harvesting, processing, preparation and supply of frozen at
sea, wild-caught seafood. Harvesting a variety of fish species from
the rich, pristine waters of Alaska and the Pacific Northwest,
American Seafoods processes seafood into a wide array of finished
products on board its state-of-the-art fleet of vessels. American
Seafoods produces a diverse range of fillet, surimi, roe and block
product offerings, made from Alaska pollock, Pacific hake, Pacific
cod, and yellowfin sole that yielded 1.3 billion servings of
sustainable seafood in 2023. Finished products from our sustainable
fisheries are sold worldwide through an extensive global
distribution and customer support network. From the ocean to the
plate, American Seafoods has established a global sourcing,
selling, marketing and distribution network bringing
sustainably-harvested seafood to consumers worldwide. For more
information, please visit us at www.americanseafoods.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240703450940/en/
Keil Decker, ICR AmericanSeafoodsPR@icrinc.com