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Billion-Dollar Clearwater Deal With Premium and Mi’kmaq First Nations Coalition Finalized

A coalition of seven Nova Scotia First Nations communities is now the proud co-owner of one of North America’s largest vertically integrated seafood companies and the largest holder of shellfish licenses and quotas in Canada. The billion-dollar sale of Clearwater Seafoods Incorporated to Premium Brands Holdings Corporation and FNC Holdings Limited Partnership, representing a coalition of Mi’kmaq First Nations, was finalized on Jan. 25, after Clearwater shareholders voted overwhelmingly ...

Shareholders Voting on $1-Billion Clearwater Deal in January

Shareholders will be voting at a special meeting in January on the $1-billion sale of Clearwater Seafoods to FNC Holdings Limited Partnership representing a coalition of Mi’kmaq First Nations and Premium Brands Holdings Corporation. Clearwater announced on Nov. 9 that it had entered into a definitive arrangement agreement with FNC Holdings and Premium Brands Holdings Corporation to acquire all of the issued and outstanding common shares of Clearwater and the units issued under various ...

Quin-Sea and Clearwater Announce St. Anthony Joint Venture Approval

Quin-Sea Fisheries Ltd., a division of Royal Greenland, and Clearwater Seafoods recently announced the application to transfer the processing license for a St. Anthony fish plant has now been approved by the Newfoundland and Labrador Minister of Fisheries, Forestry and Agriculture. This allows the companies to move forward with the deal, in which Quin-Sea Fisheries Ltd. will assume management responsibility for the plant on behalf of the new joint venture, St. Anthony Seafoods Ltd. “The ...

Landmark Reconciliation Agreement Reached in the Arctic Surf Clam Fishery

Fourteen First Nations Announce Landmark Agreement with Clearwater on Arctic Surf Clam A total of 14 First Nations communities in Nova Scotia and Newfoundland and Labrador and Clearwater Seafoods Incorporated announced they have reached a landmark agreement to the benefit of all parties. The agreement forges a 50-year partnership that protects existing jobs in the Arctic surf clam fishery while creating meaningful economic, employment and capacity building for the fourteen First Nations ...

Clearwater Permitted to Fish 100 Per Cent of Arctic Surf Clam Quota

The Department of Fisheries and Oceans (DFO) confirmed Sept. 11 that the remaining 25 per cent of the 2018 and 2019 Arctic surf clam Total Allowable Catch (TAC) will be made available to the current licence holder, Clearwater, with a view to identify a new participant for the 2020 fishery. DFO said this decision will allow for the economic benefits to remain in coastal communities while it continues to work to broaden access to this fishery. “In order to move forward on implementing ...

On the Waterfront – January 2018

Clearwater Unveils Newest Addition to Clam Fleet On December 1, Clearwater Seafoods welcomed the Anne Risley into its fleet of clam vessels during an official ceremony at Pier 21 in Halifax. The company said the new vessel further strengthens Clearwater’s commitment to delivering the highest quality, frozen-at-sea, wild-caught Arctic surf clams to its customers around the world. “The Anne Risley represents a $70-million investment to replace an existing 31-year-old clam vessel with a ...

Clearwater Increases Investment Arctic Surf Clam Fishery

Ian Smith, CEO of Clearwater Seafoods Inc. today announced more than $5 million in new investments in Clearwater's market-leading Arctic surf clam fishery. The investments in Glace Bay, Nova Scotia and Grand Bank, Newfoundland will add new jobs, processing capacity and spur continued sustainable growth of the fishery. “Today's investment is good news for local jobs, domestic seafood processing capacity and those looking for the very finest wild-caught surf clams from Atlantic Canada,” ...

On the Waterfront – February 2017

‘Gentle Giant’ Jim Buchanan Dies in Fishing Accident The Cape Sable Island-Shelburne area of southwestern Nova Scotia has seen more than its fair share of ocean related deaths. Over the Christmas holiday, a huge Yuletide tree made of lobster pots was erected in the Cape Sable Island area. The ornaments were old time lobster buoys, the ones used before balloons and anchors tethered strings of 15 traps. Each ornament represented a fisherman lost at sea from the area. There were way ...

Clearwater Unveils Latest Addition to Clam Fleet

Clearwater Seafoods recently welcomed the Belle Carnell into its fleet of clam vessels in St. John’s. “The Belle Carnell represents the single-largest vessel investment in Clearwater’s history and is a testament to our dedication to the fishery, the region and sustainable seafood excellence,” said Ian Smith, CEO, Clearwater Seafoods. “This vessel will positively impact the economy across Atlantic Canada, creating 70 new well-paying, year-round jobs in our fleet and grow our 52-week ...

Clearwater Unveils Latest Addition to Clam Fleet

Clearwater Seafoods welcomed the Belle Carnell into its fleet of clam vessels today in St. John's. "The Belle Carnell represents the single-largest vessel investment in Clearwater's history and is a testament to our dedication to the fishery, the region and sustainable seafood excellence," said Ian Smith, CEO, Clearwater Seafoods. "This vessel will positively impact the economy across Atlantic Canada, creating 70 new well-paying, year-round jobs in our fleet and grow our 52-week process...