East Coast and Garbo Lobster Sign Investment Deal to Expand Maine Fair Trade Lobster Venture
SEAFOODNEWS.COM [SeafoodNews] July 6, 2015
Massachusetts-based lobster distributor East Coast Seafood and Texas' Garbo Lobster have entered into a partnership with long-term equity capital provider Seafood Investment Group to expand the companies' value-added processing joint-venture, Maine Fair Trade Lobster.
The deal was led by Antarctica Advisors LLC, a food-industry focused investment banking firm. Financial details of the partnership were not released.
"This is a highly strategic partnership for our clients, East Coast Seafood and Garbo Lobster, and a great entry for SIG into the North American Seafood Industry," said Ignacio Kleiman, Managing Partner of Antarctica Advisors . "The new partnership demonstrates the unique opportunities the Seafood Industry in North America presents to investors, where Antarctica's highly-specialized Seafood Team continues to play a leading role as a trusted advisor."
To Read Full Story Login Below.