|
|
Article: In the can: North America's seafood suppliers grow sales despite fears of an economic downturn.(Top Story)
- Article from:
- Seafood Business
- Article date:
- May 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Diversified Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
[ILLUSTRATION OMITTED]
A mid talk of a recession and increasingly unfavorable financial conditions, North America's Top 25 seafood suppliers raked in sales of $11.6 billion in 2007 according to SeaFood Business' annual Top 25 list.
The wholesale seafood business is growing organically by garnering new customers and launching new products, as U.S. seafood consumption steadily rises due, in part, to the protein's healthful profile, reaching a near-record 16.5 pounds per capita in 2006. The continent's leading seafood companies are also expanding through acquisitions and mergers.
Two major acquisitions were finalized in 2007. The Maruha ...