Phillips Foods Acquires Assets of Canadian Seafood Processor and Distributor
On March 7, 2024, Phillips Foods Inc., a U.S.-based global processor and distributor of branded seafood products, announced that it will acquire the assets of South Shore Seafoods Group of Companies, a Canadian seafood processor and distributor.
Phillips Foods was established in 1914 in Maryland and has since grown to become one of the world’s leading seafood manufacturers, with operations extending as far as Southeast Asia. This latest acquisition is part of Phillips Foods’ larger plan to expand its operations into Eastern Canada and encompasses multiple plants in Prince Edward Island as well as holding tanks in Nova Scotia. Phillips Foods was awarded the winning bid as part of South Shore Seafoods Group’s CCAA restructuring process.
Aird & Berlis advised Phillips Foods with a team including Joel Rose (Corporate), Kyle Plunkett and Sam Babe (Financial Services), Jesse Rosensweet (Financial Services and Corporate), Manjit Singh and Angelo Gentile (Tax), Michael Horvat (Labour & Employment), Julie Brennan (Corporate), Stephen Zolf (Competition) and Joshua Ward.
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Joel’s strengths lie in building strategic relationships and leveraging connections with stakeholders across a range of industries.
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Kyle divides his time between commercial restructuring matters and M&A and financing work, developing a broad practice built on providing practica...
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Sam brings a level-headed approach to his restructuring and insolvency practice, providing calm and considered representation and advice.
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With an MBA and years of business experience, Jesse is a trusted advisor in both the legal and corporate context.
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Manjit draws on more than 23 years of experience advising on Canadian and cross-border tax matters to provide comprehensive tax advice to corporate cl...
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Angelo is a natural problem solver and he applies this skill to resolve tax disputes on behalf of his clients.
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Michael guides his clients through their labour and employment law issues by providing them with practical solutions that balance their workplace issu...
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Julie is dedicated to providing outstanding client service.
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Stephen guides clients through the rapidly evolving regulatory environment governing the telecommunications and media industry in Canada.
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Josh is a creative thinker who provides practical advice on a variety of corporate transactions.
