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Clearwater Seafoods to draw from credit facilities to acquire Macduff
By Wendy Van Sickle
Columbus, Ohio, Oct. 9 – Clearwater Seafoods will draw from its existing credit facilities to fund the £71.4 million cash consideration of its acquisition of Macduff Shellfish Group Ltd., according to a Friday press release.
The transaction is expected to close by Oct. 30. It also includes a £27 million deferred consideration to be paid over the next five or six years.
Clearwater is a Bedford, Nova Scotia-based seafood company. Macduff is a vertically integrated shellfish company based in Mintlaw, Scotland.
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