US seafood supplier Blue Star Foods, announced Monday it is acquiring a family-owned and operated Canadian land-based steelhead salmon farm.

It has signed a term sheet to acquire Taste of BC Aquafarms, a land-based Recirculating Aquaculture Systems (RAS) salmon farming operation, based in Nanaimo, British Columbia, Canada, subject to certain closing conditions.

"We are very thrilled to partner with the Atkinson family, the founders and operators of Taste of BC Aquafarms, who have been pioneers in RAS farming since 2010," said John Keeler, chairman and CEO of Blue Star Foods.