Abram-Village fish plant and assets sold

Published on February 14, 2016
Jeff Malloy, the president of the P.E.I. Seafood Processors’ Association, told a committee of MLAs Tuesday in Charlottetown that processors are struggling as well as lobster fishermen.
Guardian photo by Teresa Wright

ABRAM-VILLAGE - It will be business as usual this year at a fish plant in Abram-Village now known as Acadian Supreme.

The sale of the plant and assets of Acadian Fishermen’s Co-operative to Acadian Supreme were completed at the end of January, said Jeff Malloy, who remains CEO and general manager of the new company.

“All of the staff have been retained,” Malloy said.

Malloy said the co-operative will still exist, essentially as the supplier of raw product for the plant.

Prior to the purchase, Acadian Supreme was the brand name through which Acadian Fishermen’s Co-Op products were marketed by Whitecap International Seafood Exporters.

Whitecap will continue to be the company’s and the brand’s exclusive exporter.

Malloy said the co-op board brought the purchase proposal to members after the fall lobster season and members voted in favour of selling the plant’s physical assets to Acadian Supreme.

Acadian Fishermen’s Co-Op, formed in 1955, still exists, Malloy said. “It’s still a company, still a fishermen’s co-op.”

Neither the value of the sale nor what members were paid for their shares in the assets were disclosed.

The plant will continue to be run by a board of directors, and shareholders will benefit through the sale of raw product to Acadian Supreme.

“We hope to increase the capabilities of the plant, moving forward,” Malloy said.

He said the company will be looking to expand the operation. In addition to buying various species from members, the plant will continue to buy lobster from the United States and Nova Scotia.

He said that as usual in the winter months there is only a skeleton staff employed but, if the workforce is available, Acadian Supreme will be able to accommodate 220 to 225 workers during processing time.