News Summary December 6, 2019
The Winding Glass: Tuna Case Shows Private Equity and Seafood are Not Always a Good Fit
A new Winding Glass column from SeafoodNews founder John Sackton explains why the recent tuna price-fixing case shows that private equity and seafood are not always a good fit. John writes: “Over the years there has been a tremendous amount of consolidation in the seafood industry, especially in sectors that perennially operate on tight margins, which includes breaded and battered frozen fish, the lobster industry, and of course tuna. Done correctly, a merger or acquisition can strengthen the remaining company and allow it to weather future storms. Done incorrectly, it leaves the company exposed like a sailboat with no way to trim its sails when hit by an unexpected gale...
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