Acme Smoked Fish Corporation Aims to Broaden Portfolio in Related Food Sectors

Acme Smoked Fish Corporation, the nation’s leading purveyor of smoked fish with a range of refrigerated, ready-to-eat, and value-added seafood products sold across the country, is actively seeking to expand its portfolio into adjacent food categories. With a rich history in the smoked seafood industry spanning four generations, Acme is well-positioned to leverage its customer-focused expertise to explore new investment opportunities in complementary food segments.

Strategic Growth Initiative

As part of its strategic growth plan, Acme Smoked Fish Corporation is concentrating on expanding into several key investment areas. This initiative is aimed at diversifying their product offerings and tapping into new market opportunities.

Value-Added Frozen Seafood Specialties

Acme plans to bring its renowned cold chain logistics capabilities and strong brand presence from the fresh seafood aisle into the frozen segment. The focus will be on developing convenient, health-conscious frozen seafood products with a variety of flavors to appeal to a wide audience. Unlike traditional commodity frozen seafood, Acme aims to introduce innovative products that encourage increased seafood consumption.

Shelf-Stable Seafood Snacking

Acme’s expansion strategy also includes entering the shelf-stable seafood snacking market. According to Gabriel Viteri, Chief New Business Ventures Officer at Acme, the company sees significant potential in this segment. This move will not only introduce new products but also boost Acme’s brand visibility in the value-added, specialty seafood market.

Pet Food and Ingredient Value-Adding

Capitalizing on its extensive access to high-quality raw materials, Acme is exploring opportunities to develop premium ingredients and products for the pet food industry. This initiative aligns with the company’s commitment to quality, aiming to provide nutritious and appealing options for pets.

Evaluating M&A and New Business Development

Currently, Acme Smoked Fish Corporation is in the research phase, assessing mergers and acquisitions (M&A) opportunities as well as new business development strategies. The evaluation process focuses on companies with strong teams, predictable and consistent cash flows, gross margins greater than 40%, and exceptional products that fit Acme’s main expansion criteria. The company is also considering other opportunities where synergies may exist.

“We are excited about the potential to broaden our horizons and bring innovative, high-quality products to new segments,” said Gabriel Viteri. “Our goal is to seek out strategic opportunities where we can apply our expertise and brand strength to deliver value to our customers and stakeholders.”