It's been nearly a year since High Liner Foods, one of North American's largest value-added frozen seafood companies, purchased American Pride Seafoods from American Seafoods Groups. As the company moves closer to integrated it into High Liner, it's on the hunt for its next acquisition.

During an investor conference call Tuesday, CEO Henry Demone said High Liner can't achieve its goal of $150 million (€112.2 million) in earnings before interest, taxation, depreciation and amortization (EBITDA) by 2016 without buying at least one significantly-sized company.

"We