Clearwater Buys Scottish Crabber as Part of Bid to Expand
SEAFOODNEWS.COM [Chronical Herald] by JAMES RISDON - August 7, 2017
Seafood giant Clearwater Seafoods is beefing up its presence in Europe by buying a crab fishing boat and licence and is casting its eye on other potential acquisitions.
The Bedford-based company picked up the Heather K., a Scottish crabber, in July for an undisclosed amount.
“It was nominal (amount) relative to our total capital expenditures,” Ian Smith, chief executive officer of Clearwater Seafoods, said Thursday during the company’s second-quarter earnings call. “What is important about that is that it was the beginning ...
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