Having seen its compound earnings grow at a rate of 24 percent over the past three years, expansion plans at Clearwater Seafoods, Canada's largest fishing company, are in full swing.

In addition to the CAD 22 million (€17 million/$22.2 million) in vessel upgrades for 2012, the CAD 289 million (€222.7 million/$292.2 million) turnover company is investing in new talent.

“We have recently completed the hiring of senior sales and marketing talent and are continuing to build our skill set in the area of value-added seafood innovation,” CEO Ian Smith told IntraFish.