Gouldsboro lobster processor plans to boost production with new investment
A lobster processor in Gouldsboro plans to add up to 75 new employees as it expands production with the help of a new investor, the Ellsworth American reported Wednesday.
Maine Fair Trade Lobster, founded in 2012 by two seafood distributors, Garbo Lobster and East Coast Seafood, is looking at building employee housing to expand its 150-employee workforce to around 175 to 225, company officials told the paper.
Undercurrent News, a seafood industry publication, reported in July that the company received an undisclosed investment earlier this year from Seafood Investment Group, owned by Jacksonville, Fla.-based asset manager Forum Capital Group.
Company officials told the Ellsworth American that the investment it will enable the company to add products, improve logistics and increase operating efficiencies.
Maine Fair Trade processed 4.3 million pounds of lobster in 2013, 7.5 million pounds in 2014 and expects to process more than 9 million pounds this year, the company told the paper.
Garbo, the largest buyer of live lobster in Maine, is based in Groton, Conn., and sells live lobster worldwide. East Coast Seafood is a subsidiary of American Holdco Inc., a Lynn, Mass.-based company whose subsidiaries process and distribute seafood worldwide.
Read more:
Lobster plant increases workforce by nearly 50%
Maine Fair Trade Lobster to expand operations in Gouldsboro
Most Recent
Most Recent
Comments