Vita Food Products is to pull its shares from the American Stock Exchange in a bid to trim costs from the business.

The Chicago speciality and seafood firm, in which fewer than 300 people hold shares, plans to delist from the Amex later this month.

President and CEO Cliff Bolen said the costs of being a public company had risen "significantly". He said: "Our board has determined that the rising costs of compliance, as well as the substantial demands on management time and resources compelled by the compliance requirements, outweigh the benefits the Company receives from maintaining its registered and listed status."