Phillips Foods Awarded Winning Bid To Acquire Assets of South Shore Seafoods Group
GT Securities, financial advisor to Phillips Foods, confirmed on Wednesday that the Maryland-based processor and distributor has been awarded the winning bid to acquire the assets of South Shore Seafoods Group of Companies during a Companies’ Creditors Arrangement Act, or CCAA, restructuring process.
Phillips confirmed earlier this month, prior to Seafood Expo North America, that they were gearing up for expansion into north Atlantic seafood with two projects in Canada. One project involved the acquisition of the Pêcheries Bas-Caraquet Fisheries facility in Bas-Caraquet...
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