Network Commodities has been acquired by California-based H&N Group. Financial terms of the deal were not disclosed Wednesday, when H&N made the announcement.

“H&N continues to build upon its strategic growth plans and momentum," said Christine Ngo, executive vice president of H&N."This acquisition of the assets and infrastructure of Network Commodities reinforces our position as a leading supplier of quality seafood to the U.S. domestic and international markets, as well as strengthens our existing product portfolio, overall operations, and salesforce.”

Roy Mathews, owner of the New Jersey-based frozen seafood importer, confirmed the acquisition with IntraFish Wednesday, but did not disclose terms of the deal.

Network Commodities has been operating for 35 years, and its brands include vannamei white shrimp, farm-raised black tiger shrimp, and wild-caught ocean shrimp. The company supplies retailers, chain restaurants, wholesale distributors and food service distributors across the United States, Europe, and China.

“H&N and Network Commodities adhere to similar core values and the strong commitment and focus on providing the best products available on the market," Ngo said. "Superior customer service is very much a core value of both companies. This acquisition furthers H&N’s footprint, both domestically and internationally, enabling us to continue to build upon the solid foundation we established nearly four decades ago. It also allows us to provide existing customers with new products, while increasing awareness of our brands to potential customers and leverage operational efficiencies and further set ourselves as the industry leader."

California-based seafood supplier H&N Group has been in operation since 1981. Hua Ngo started the company under the name H & N Fish. Today, it's run by Ngo's daughter, Christine.

Finance

H&N Group acquires New Jersey shrimp importer