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Phillips Foods Announces Plans for Expansion into Canada

Baltimore, MD – March 7, 2024 Phillips Foods is gearing up for expansion into north Atlantic seafood with two recent projects in Canada. In addition to the purchase of the Pêcheries Bas-Caraquet Fisheries facility in Bas-Caraquet, New Brunswick, Phillips has also been approved to acquire the assets of South Shore Seafoods Ltd. in a restructuring deal which encompasses multiple plants in the province of Prince Edward Island as well as holding tanks in Nova Scotia.

The addition of these two entities in Canada will enable a significant expansion of the Phillips product portfolio, not only with frozen, fresh and pasteurized seafood proteins, but also with a future range of newly developed value-added seafood appetizers, soups, cakes and entrées featuring lobster, snow crab, Jonah crab, scallops and more.

“As the market leader in crab, Phillips is perfectly positioned for this expansion of our product line into north Atlantic seafood,” says Steve Phillips, Founder and CEO of Phillips Foods. “Our customer base is always on the lookout for new seafood products, and they count on us to deliver the best. These acquisitions will allow us to bring our same dedication to quality and product safety into a new area of the seafood market.”

John Knorr, Chief Operating Officer and Senior Vice President of Sales for Phillips Foods, continues “In both our foodservice and retail divisions, our global sales team is excited about the potential for the wide range of seafood options, including an array of lobster and snow crab items, that we will now be able to offer to chefs, restaurant operators and home consumers. The demand for seafood continues to grow, and we will be there to fulfill this demand with an innovative portfolio of exciting products.”

The company plans to reopen the Bas-Caraquet facility in early April, and intends to close on the South Shore properties by the end of March.

About Phillips Foods:

Phillips Foods is a family-owned business founded in 1914 and recognized as a leading importer and distributor of crab meat in the United States. Best known for their premium-quality blue swimming crab meat and famous Maryland-style crab cakes, Phillips Foods also produces a full line of seafood appetizers, seafood cakes, fish, soups and entrées for foodservice and retail. To learn more, visit phillipsfoods.com.     

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