News Summary August 2, 2017
Today's Main Story: Quebec Private Equity Creates $140 Million Lobster and Crab Group Merging Riverside and Cheticamp
Today's lead item from Seafood News editor John Sackton reports that Montreal based private equity firm Champlain Financial has purchased Riverside Lobster of Nova Scotia, and will merge the company with Cheticamp Fisheries, which it purchased in May 2017.
Meanwhile, the U.S. Senate Appropriations Committee has passed a bill to include shrimp in the Seafood Import Monitoring Program, a risk-based traceability program that requires certain imported seafood products to have records and specific data. The move is being commended by the National Chamber of Aquaculture of Ecuador, which exported 86,082,995 pounds of shrimp in June — a record high for the country.
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