High Liner Foods Invests $5 Million in Norcod AS – Company Announcement - FT.com
Summary
The Companys investment, which will be made from cash from operations, forms part of a larger capital raise by Norcod that is expected to close in . "Todays investment is a small but important step forward in our strategy to position for the next chapter of leadership and growth. In a dynamic global seafood environment, we want to ensure that our Company and its stakeholders can benefit from the opportunities across the full value chain in highly sought after species like cod," said , President and Chief Executive Officer at .continued, "We are impressed by Norcods leadership team and their proven production record and expertise. In making this long-term investment, we welcome the opportunity to support, and help shape, the bold, innovative work underway to lead the future of sustainable cod farming as a source of premium seafood for and markets around the world. retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day labels, and are available in most grocery and club stores.