Great Lakes buys fish business from Omstead Foods
January 03, 2008
by FoodBusinessNews.net Staff
WHEATLEY, ONT. — Great Lakes Corp., a company operated and managed by Southpoint Foods Inc.’s management, has acquired the fish business of Omstead Foods Ltd.
Great Lakes recently acquired the fish processing assets of Southpoint and is strategically partnering with L.R. Jackson Fisheries Ltd.
"Omstead believes the fish business unit is a strong and viable business — a significant part of the heritage of our company — that will enjoy even greater success partnering with a company with Southpoint’s track record and local operating presence," said Bill Stafford, president of Omstead.
Through the sale, Omstead is working to consolidate fish operations on Lake Erie. While Great Lakes is acquiring the assets of the fish business, it will continue to license the Omstead brand for certain fresh and frozen fish products.
"Omstead is a pillar of the community, rich in tradition and carries and impeccable reputation in the marketplace," said Jerry Peralta, president of Great Lakes. "Great Lakes will continue that legacy and continue to strengthen the fish business in a controlled manner through new partnerships focused on increasing market share."