High Liner, Canada's largest seafood company, said Thursday it was purchasing a North America-based foodservices company, but did not name the entity. Sources told IntraFish on Thursday the company had reached an agreement to acquire Malden, Mass.-based Viking.
High Liner expects to pay CAD $31.5 million ($31.2 million/€23.5 million), subject to working capital adjustments, to acquire the private company, which in 2010 has net sales of approximately $40 million ($39.5 million/€29.9 million).
"Our vision is to become the leading value-added frozen seafood company in North America.
