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Lobster Processing and Holding Facilities

Northern New Brunswick Lobster Processing and Holding Facilities with Expansion Opportunity for Snow Crab Production

File#1010MA

Asset Overview

  • State-of-the-art Northern New Brunswick lobster processing and live holding businesses, consisting of three distinct operations involved in the holding, processing and export of live lobster and lobster products. Collectively, the operations have more than 360,000 pounds of lobster holding capacity and can process 120,000 pounds of live lobster in meat and tails finished product daily.
  • The facilities are federally licensed to process lobster, snow crab, rock crab, and other shellfish species under CFIA and DFO standards. With limited incremental capital investment, the plants can efficiently transition between lobster and crab production, offering meaningful diversification and enhanced utilization across multiple species.
  • The operations are strategically located on the Acadian Peninsula of New Brunswick in the Gulf of St. Lawrence and adjacent to the productive Lobster Fishing Areas (LFAs) 20, 21, 22, 23 and 25. The asset owners have strong access to product supply from longstanding relationships.
  • The Val Comeau 20,926-sq.ft. processing facility allows for the processing of both raw and cooked lobster in a single plant. It has a daily lobster processing capacity of 60,000 pounds of live lobster in meat and finished tails finished products.
  • The Grande-Anse facility is comprised of two main buildings, the 23,150-sq.ft. main production plant and a 10,562-sq.ft. raw production area, with a daily processing capacity of 60,000 pounds of lobster. The raw production area also includes live holding tanks (100,000 pounds of capacity) as well as cold storage that can hold 400 skids.
  • The third commercial asset is the 21,610-sq.ft. Val Comeau tank house/lobster pound that is used to store lobster prior to processing. This modern holding facility can hold 260,000 pounds of live lobster in its three tanks.
  • All of the production assets have been recently renovated, modified and contain the most modern lobster processing and holding technology.
  • All production facilities are AA+ BRC certified.
  • The company has operated profitably over the past two seasons despite limited working capital availability following the 2021–2022 market downturn related to COVID-19. With adequate working capital support, there is meaningful opportunity to enhance throughput and profitability. Detailed financial statements and pro forma financial modelling are available upon request.
  • The current owners are selling product to brokers both in Canada and the USA. The company can also transport the product into USA cold storage, deliver to Canadian cold storage, or deliver to the Atlantic ports for international shipments.
  • The current management and experienced workforce to remain with the business after the sale.
  • The business owners are also willing to sell the commercial assets together as packages or separately.

Businesses for Sale