Membertou First Nation Possible Acquisition of Clearwater Seafoods Paul W Beamish Alexander Brown Elena Simpson 2023
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“I have been selected to serve as the CEO of Clearwater Seafoods for the upcoming fiscal year,” Beamish said in his email to the CEO of Clearwater Seafoods and to the Membertou Nation community. “It is an incredible opportunity to work with a team of passionate professionals who are dedicated to serving the Membertou Nation with the freshest and healthiest seafood products on the market. As we strive to grow Clearwater Seafoods, I want to ensure that we remain aligned with the needs of our people.
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“The Membertou First Nation is looking at the possibility of acquiring Clearwater Seafoods for $125 million. The acquisition would create a significant company that would have an estimated market value of over $1 billion,” Membertou Chief Alphonse Joseph told The Guardian. “Clearwater is a respected company that produces high-quality seafood. additional info The potential benefit of this acquisition for the members and the community is huge,” Joseph said. “Clearwater has a significant impact on our community,” Paul W Beamish, a former
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“Clearwater Seafoods Limited, which was recently acquired by Tongkat and Keway (Singapore) Pte Ltd, is a family-owned company specializing in the processing of various seafood products and has its business base in Membertou First Nation, Canada. In the first quarter of 2022, the company announced a net loss of $2.8 million. The acquisition process of Clearwater Seafoods is considered an attractive one for Membertou First Nation. The company has been expanding its market share
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In June 2022, Membertou First Nation (MFC) purchased Clearwater Seafoods Ltd (Clearwater) from the Canadian Seafood Processing and Packaging Association (CSPPA). Clearwater had 50 years of experience in the seafood processing and packaging industry in Western Canada, operating in Northern British Columbia. MFC bought the company for CAD $11.5 million and acquired all its assets and liabilities from CSPPA. In December 2021, the acquisition of Clearwater was approved by the
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In recent years, Membertou First Nation has been considering the potential acquisition of Clearwater Seafoods. Clearwater Seafoods is a multinational company that operates in Canada and the United States. Background Information Clearwater Seafoods operates in the United States and Canada. It operates in the food processing, seafood packaging, and distribution sectors. It has a global presence with operations in the US, Canada, and Europe. Overview of Acquisition of Clearwater Seafoods According
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Membertou First Nation (MFN) is considering making a proposal to acquire Clearwater Seafoods (CSE: CSF) to increase its sachet production capacity to meet market demand, the company’s CEO Paul W. Beamish said in a research note released this morning. As part of MFN’s plan, CSE: CSFR would become the preferred partner for the acquisition and both companies would work together to increase production. Beamish added that CSE: CSF is expecting “significant growth over the next few
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First of all, let me provide a bit of background about our family, our company, our community, and our mission. Our family is the ancestors of the Membertou First Nation, we have been living and working here since time immemorial. The community is about 500 people with a population of 6,000. In terms of business, our main businesses include fishing, logistics, and tourism. The community has a number of businesses, but these are all family-owned. We provide logistics for the local fish