Champlain buys Riverside Lobster, merges with Cheticamp
Canadian private equity firm Champlain Financial Corp has acquired Riverside Lobster International Inc, a branded seafood processor and wholesale distributor based in Meteghan Center, Nova Scotia. No financial terms were released for the deal, which was announced by Ascendiant Capital Markets LLC, Riverside's financial advisor. The company will be merged with Cheticamp Fisheries International Ltd, acquired by Champlain in May. The merger will create a Maritime seafood business with revenue of more than $175 billion, Ascendiant said. Marc Poulin, formerly the CEO of Sobeys Inc, will serve as executive chairman of Champlain's seafood platform.
26 July 2017•3 mins read
