Blue Harvest Fisheries, backed by its investor Bregal Partners recently announced the acquisition of Harbor Blue Seafoods’ seven scallops vessels and related assets in Massachusetts from Harbor Blue Seafood.
Blue Harvest now owns 15 scallop vessels that operate in Newport News, Va., and New Bedford, Mass.
“Blue Harvest is now clearly positioned as an industry leader in terms of access to the highly valuable Atlantic sea scallop resource,” said Jeff Davis, president and CEO of Blue Harvest, in a release, noting that the acquisition supports their existing operations in Virginia.
The deal also gives Blue harvest access to other species.
“The acquisition of HBS is consistent with the Company’s overall strategy of building a vertically integrated premium seafood company,” said Davis, adding “Harbor Blue’s involvement with premium products such as bluefin tuna and swordfish expands the Company’s overall product portfolio.”