Baltimore, MD – March 7, 2024 <\/strong>Phillips Foods is gearing up for expansion into north Atlantic seafood with two recent projects in Canada. In addition to the purchase of the P\u00eacheries Bas-Caraquet Fisheries facility in Bas-Caraquet, New Brunswick, Phillips has also been approved to acquire the assets of South Shore Seafoods Ltd. in a restructuring deal which encompasses multiple plants in the province of Prince Edward Island as well as holding tanks in Nova Scotia.<\/p>\n\n\n\n The addition of these two entities in Canada will enable a significant expansion of the Phillips product portfolio, not only with frozen, fresh and pasteurized seafood proteins, but also with a future range of newly developed value-added seafood appetizers, soups, cakes and entr\u00e9es featuring lobster, snow crab, Jonah crab, scallops and more.<\/p>\n\n\n\n \u201cAs the market leader in crab, Phillips is perfectly positioned for this expansion of our product line into north Atlantic seafood,\u201d says Steve Phillips, Founder and CEO of Phillips Foods. \u201cOur customer base is always on the lookout for new seafood products, and they count on us to deliver the best. These acquisitions will allow us to bring our same dedication to quality and product safety into a new area of the seafood market.\u201d<\/p>\n\n\n\n John Knorr, Chief Operating Officer and Senior Vice President of Sales for Phillips Foods, continues \u201cIn both our foodservice and retail divisions, our global sales team is excited about the potential for the wide range of seafood options, including an array of lobster and snow crab items, that we will now be able to offer to chefs, restaurant operators and home consumers. The demand for seafood continues to grow, and we will be there to fulfill this demand with an innovative portfolio of exciting products.\u201d<\/p>\n\n\n\n The company plans to reopen the Bas-Caraquet facility in early April, and intends to close on the South Shore properties by the end of March.<\/p>\n\n\n\n