U.S. supplier and distributor Santa Monica Seafood on Wednesday acquired the seafood division assets of Prospect Enterprises, including American Fish & Seafood of Los Angeles. The transaction is expected to close on 4 July 2015.
The deal also includes Chesapeake Fish, LA Fish Company and Cactus Cove but does not include Kansas Marine, Prospect Enterprises’ cruise line support business, and Central Fish Company, a retail store operation in Fresno, Calif.
“American Fish has 68 years of operating history with a well-established reputation for supplying high quality seafood,” said Roger O’Brien, CEO of Santa Monica Seafood. “Ernie Doizaki, chairman of Prospect Enterprises, has been a pioneer and role model for seafood business success for decades in the California foodservice industry. Ernie trusts us with the legacy he has created and we are accepting the challenge and responsibility of continuing the legacy he has so well established.”…