Nova Scotia-based Clearwater Seafoods to buy UK-based Macduff Shellfish for $195M

HALIFAX—Clearwater Seafoods Inc. is shoring up its position in the European and global market with a major deal. The Nova Scotia-based seafood company has agreed to buy Macduff Shellfish Group Ltd. for approximately 98.4 million pounds, or $195 million. As a rationale for the acquisition, Clearwater said U.K.-based Macduff will signnificantly increase the company’s scale and enhance its access to key distribution channels in the U.K., Italy, Spain and Portugal.

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