North America’s largest shellfish supplier has launched a “strategic review” of the possible sales of part or all of its business.
The Bedford, N.S. company employs more than 1,500 people in Canada and reported 2019 sales of $612 million in 59 countries.
The company has formed a special committee of independent directors to conduct the review.
Clearwater said it does not intend to disclose developments unless and until the board of directors has approved a specific transaction.There is no timetable to complete the review.
In an online CBC news report, Clearwater CEO Ian Smith said that options under review include a sale but also the possibility of joint ventures, including Indigenous partnerships.