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Harvest Select buys seafood company

Company is adding broader range of Gulf seafood through acquisition.

Harvest Select is acquiring Birmingham, Alabama-based seafood company Steel City Seafood, the company said Tuesday.

Known for its farmed catfish, Harvest Select said the acquisition will allow it to increase its supply of Gulf of Mexico seafood and other species, which are a "natural complement" to it current line of products.

Steel City offers a range of wild-harvest Gulf seafood, including fish, oysters, shrimp and crab.

Through the use of current trucking and logistics, Harvest Select will supply and distribute larger shipments of a wider range of seafood to existing customers and open the doors for growth.

In addition, the company is preparing to launch an e-commerce site available to both retailers and consumers for the purchase of catfish and value-added products.

This site will include Gulf products sourced through Steel City Seafood.

“With the purchase of Steel City, it will allow us the ability to source and purchase the finest and freshest domestic Gulf seafood," said Vice President of Sales Michael Locascio. "It will also position Harvest Select to be a leading supplier of our sustainable US farm-raised catfish right in our own back yard.”

“We have been researching and planning for this opportunity for years. The timing is ideal for Harvest Select. We look forward to further promoting American catfish and expanding our reach into our Alabama gulf seafood," said Harvest Select President Randy Rhodes.

In March, 2015, Harvest Select formed new partnerships with Star Agro Marine Exports, Ltd., of India and Shaw's Southern Belle Frozen Foods, Inc., of Jacksonville, Florida. Harvest Select is using its sales and distribution networks to market these companies' products in the US foodservice sector, it said at the time of the deal.

In 2013, Harvest Select began carrying a select range of products produced by US-based Chang International, which operates seafood plants in China.


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