Oceana Group Buys NJ-based Menhaden Company Daybrook Fisheries for $382 Million
SEAFOODNEWS.COM [Bloomberg] by Andre Hanse Van Vuuren - May 19, 2015
Oceana Group Ltd., South Africa’s largest fishing company, said it plans to buy Daybrook Fisheries, the U.S.’s second-biggest processor of Gulf menhaden fish, for $382 million.
Oceana will pay as much as 2.4 billion rand ($202 million) from cash, raise a further $142 million of debt in the U.S., and get 1.2 billion rand from an equity-bridge facility for the purchase of Morristown, New Jersey-based Daybrook, the Cape Town-based company said Tuesday...
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