Sale of New England Seafood International to Sealaska

DATE
November 2020

TRANSACTION TYPE
Corporate Acquisition

VALUE
£ Undisclosed

SECTOR
Seafood

Sealaska acquires a majority stake in New England Seafood International.

Spayne Lindsay is delighted to announce that it has advised New England Seafood International (‘NESI’) on the sale of a majority stake to Sealaska Corporation, an Alaska Native Corporation owned by 23,000 Tlingit, Haida, and Tsimshian shareholders which is focused on investing in and operating businesses that improve the health of its oceans or homelands and benefit their shareholder communities.

NESI is a London-based supplier of premium sustainable fish and seafood. Its expertise lies in a passion for responsibly sourcing and supplying more than 30 species of wild and farmed fish and seafood from 37 countries worldwide to the UK’s leading supermarkets and leading sushi and healthy eating chains via its Joii foodservice division.

The partnership of two market leaders from different corners of the world creates an international business that builds on shared, long-standing values and commitments in the seafood industry. NESI will continue to be led by Dan Aherne and, having founded the business in 1991, Fred Stroyan will retain a shareholding in the business.

Fred Stroyan commented:

“NESI grew from my passion for bringing the world’s best seafood to the UK. This alliance solidifies my vision for a globally connected seafood enterprise that is committed to trusting relationships, quality products and ocean health. I’m proud of this legacy and thrilled about what we can accomplish together.”