Leading seafood industry player Morey’s Seafood International announced that it has been acquired by Rich Products, based in Buffalo, New York.
Rich’s, a family-owned food company, brings 75 years of expertise in the food industry, with customers across foodservice, retail, in-store bakery, deli, and prepared foods, among others. It is an industry-leader in value-added seafood, driven primarily by its SeaPak brand, America’s No. 1 frozen shrimp brand and leader in specialty seafood products.
Company officials indicated that Morey’s would continue operating business-as-usual, with no short-term changes to its business or staffing. Company CEO Jim Walstrom will continue leading Morey’s business, as the two companies’ teams integrate.
“As a family-owned seafood company founded in 1937 focused on the highest quality seafood products, Rich’s was a natural fit to help take our business to the next level,” Walstrom said in a news release. “In Rich’s, we have a partner with a 75- year track record of success, one that’s dedicated to ongoing innovation and growth in seafood, and a company that values its people and family-owned culture. We’re excited for our company’s next chapter as we move forward with Rich’s.”
Morey’s employs about 200 associates in Minnesota, with one leading-edge manufacturing facility in Motley and a seafood processing and distribution center in Plymouth.
“Bringing Morey’s into the Rich’s portfolio of consumer brands brings new product offerings, greater distribution and a stronger presence in the value-added seafood category,” said Jim Motos, senior vice president of Rich’s Consumer Brands Division. “We look forward to working with Morey’s to deliver even more to our customers as a full-service, value-added seafood partner — further enabling them to meet and exceed consumer demand.”
The acquisition was effective Jan. 30, 2020.
Morey’s Seafood International LLC specializes in the manufacturing, marketing and distribution of restaurant-inspired, great tasting fish and seafood products. Since 1937, Morey’s has grown to be a leading seafood manufacturer and distributor. Today, Morey’s manufactures and distributes multiple products under the Morey’s label including Morey’s marinated seafood and Morey’s smoked fish products. Morey’s is an active member of the National Fisheries Institute and a member of the Global Aquaculture Association.
Rich’s, also known as Rich Products Corp., is a family-owned food company dedicated to inspiring possibilities. From cakes and icings to pizza, appetizers and specialty toppings, its products are used in homes, restaurants and bakeries around the world. Working in 100 locations globally, Rich’s reports annual sales exceeding $4 billion.