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September 18, 2018

Canada’s Ocean Brands acquires canned seafood business Club Des Millionnaires

Ocean Brands, a Canada-based supplier of canned seafood, has acquired Club Des Millionnaires from local ingredients manufacturer Harold T. Griffin for an undisclosed sum.

Ocean Brands, a Canada-based supplier of canned seafood, has acquired Club Des Millionnaires from local ingredients manufacturer Harold T. Griffin for an undisclosed sum.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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Located in Richmond, Ocean Brands product portfolio includes Gold Seal and Salmon and Ocean’s Tuna. The company is a division of Canada’s Jim Pattison Group, whose operations span food and beverages, real estate and entertainment, along with a range of other businesses.

Club Des Millionnaires is a Canadian brand of canned sardines and anchovies. The firm produces small sardines (brislings) called “Small – Petits” under the tagline ‘Fish She is Very Small’. 

“We are very pleased with the acquisition of Club Des Millionaires,” said Ian Ricketts, the president of Ocean Brands.”Today’s consumers have an increased demand for natural sources of omega-3, protein, and sustainably sourced seafood. Club Des Millionaires is a perfect complement to the high quality, sustainable seafood products we offer consumers under our Gold Seal and Ocean’s brands.” 

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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