Fortune International has acquired Neesvig’s, a Wisconsin-based seafood and meat processor and distributor.
Neesvig’s also operates Empire Fish, which encompasses a Wauwatosa, Wisconsin retail store and a fulfilment facility in DeForest that serves e-commerce customers across the US.
Fortune International is a seafood and specialty food processor and distributor. Bahrain-based alternative asset manager Investcorp acquired a majority stake in the company earlier this year.
According to Fortune International, the acquisition of Neesvig’s provides its Fortune Fish & Gourmet brand with its first designated meat processing facility. The brand is also expected to be strengthened by the addition of new distribution and fulfilment capabilities.
“Margaret and I could not have selected a better partner than Fortune Fish to carry on the proud history of Neesvig’s,” said James Meyer, CEO of Neesvig’s.
“We have enjoyed 32 years as owner/ operators of Neesvig’s and want to thank every member of the Neesvig’s family, both past and present, for their tireless efforts over the years. We know that we are leaving the company in great hands with Sean and his team, and we look forward to watching the companies prosper in the years to come.”
Sean J. O’Scannlain, Fortune’s president and CEO, added: “We are excited to strengthen our meat programme with our own processing facility and continue to grow the fulfilment operation with additional locations. We are delighted to welcome the gifted Neesvig’s and Empire Fish team to the Fortune family.”
The deal represents Fortune International’s ninth and largest transaction since launching its acquisition strategy in 2012.
The financial terms of the transaction have not been disclosed.
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