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Owned by the Jewish Frisch family, Beaver Street dates back to World War II
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At present, the Frisch family business has been passed down to the third generation.
The leader does not intend to give up the company's business completely, but hopes to bring the company's development to the next stage through in-depth cooperation with private equity funds or trading partners
.
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At present, the Frisch family business has been passed down to the third generation.
The leader does not intend to give up the company's business completely, but hopes to bring the company's development to the next stage through in-depth cooperation with private equity funds or trading partners
.
In 2021, Beaver Street achieved revenue of about $700 million, mainly benefiting from the outbreak of the North American retail industry during the epidemic.
The company's main customers include Walmart and other retail food service providers
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The company's main customers include Walmart and other retail food service providers
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With approximately 28,000 square meters of offices, processing plants and warehouses in Jacksonville, Florida, Beaver Street owns the flagship "Sea Best" brand and sells shrimp, shellfish and fish fillet products
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The company also owns Tropic Seafood, a lobster processing plant in the Bahamas, which supplies the global market
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The company also owns Tropic Seafood, a lobster processing plant in the Bahamas, which supplies the global market
.
Sources said the Beaver Street assets could attract a group of private equity funds, including ACON Investments, CapVest Partners and Platinum Equity, while its downstream business could also attract major aquaculture companies or raw material suppliers given the company imports about 100 million pounds of seafood a year.
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