Aquamar Holdings, a portfolio company of private equity firm Huron Capital Partners, has acquired Shining Ocean, Inc., a surimi manufacturer. The deal will expand Aquamar’s platform scale and diversify its seafood market offerings.
The deal strengthens Aquamar’s existing surimi offering and adds new branded products and opportunities for innovation in the seafood market. Before joining Aquamar, Shining Ocean was a subsidiary of True World Group, a conglomerate of seafood manufacturing and distribution.
“We are excited to add Shining Ocean’s business to our portfolio,” said Aquamar CEO, Daryl Gormley. “With this strategic partnership, we significantly expand branded seafood products for our current customers and leverage our investments in innovation and diversification of the raw material supply across a broader footprint.”
“We continue to see growing demand in the seafood manufacturing and branded product spaces,” said Huron Capital vice president, James Dickinson. “We look forward to offering Shining Ocean’s innovative products as we continue to grow the Aquamar platform.”