Nissui quickly squelches rumor it might sell Gorton's
SEAFOOD.COM NEWS March 18, 2014
Nippon Suisan Kaisha, the Japanese parent company of Gorton’s, has moved quickly to squelch speculation from a Toronto-based analyst that it might be looking to divest itself of the iconic Gloucester fish processor.
The Octagon Capital analyst, Robert Gibson, wrote in a Feb. 7 report that continued losses in Nippon Suisan Kaisha’s (also known as Nissui) U.S. fish processing operations might prompt the Japanese international marine products conglomerate to consider jettisoning Gorton’s and that Nova Scotia-based High Liner Foods could be an interested buyer at a price of around $400 million.
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