Santa Monica Seafood, Rancho Dominguez, Calif., signed a definitive purchase agreement to acquire most of the seafood division assets of Prospect Enterprises, Inc., a Los Angeles-based seafood processor and distributor.
London-based Nomad Holdings Ltd. entered into an agreement to acquire Iglo Foods Holdings Ltd., a UK-based frozen food processor, from a company backed by the Permira funds, subject to customary closing conditions.
Canada-based High Liner Foods Inc. announced plans to cease production at its leased manufacturing facility in Malden, Mass., to reduce excess capacity across its U.S. manufacturing facilities.
The global frozen food market is expected to be worth $293.75 billion by 2019, according to a recent study conducted and produced by Transparency Market Research, Albany, N.Y.
