4th Dec 2015 - 08:56
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Abstract
Royal Greenland has announced its investment in Canadian seafood producer Quin-Sea Fisheries as part of its steps towards cooperation across country boundaries in the North Atlantic.
CEO of Royal Greenland, Mikael Thinghuus, said: “We foresee a great number of benefits from the transaction. While, on the one hand, the products from Quin-Sea will get access to the vast international sales organization of Royal Greenland, we, on the other hand, will benefit both from access to the products from Quin-Sea and from Quin-Sea’s knowledge of species, which are currently not harvested in Greenland, namely whelk and sea cucumber.”
Quin-Sea Fisheries annually processes and sells more than 11,000 metric tons of primarily crab and coldwater prawns; supplemented by smaller volumes of whelk, sea cucumber, capelin and cod.