Mexican striped bass producer Pacifico Aquaculture said its acquisition by Los Angeles-based private equity firm Butterfly will help the company expand its foothold in the US seafood market. Butterfly announced the deal for the Baja, California-based producer on Tuesday.
Pacifico has plans to expand its production, Daniel Farag, co-CEO of Pacifico Aquaculture, told IntraFish.
The acquisition provides Pacifico with capital and resources to learn from industries specific to and beyond aquaculture, he said.
"They have a vast portfolio of resources," Farag said of Butterfly, stating the firm's investment portfolio includes retail, restaurant and agriculture.
