:. Food Industry News


High Liner Foods Consolidates Its Two U.S. Businesses

Source: High Liner Foods Incorporated
01/04/2008

Lunenburg, NS, March 31 - High Liner Foods Incorporated today announced that it has consolidated its two U.S. businesses and appointed Mr. Keith Decker as President and Chief Operating Officer of High Liner Foods USA.

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    "Continuing to move forward with our integration plans, we have made the strategic decision to consolidate our two U.S. businesses," said Henry Demone, President and Chief Executive Officer, High Liner Foods Inc. "The addition of the FPI businesses has transformed our organization, having increased our scale and provided us a strong market entry into the U.S. food service market, which is now the most sizeable market segment in which we operate.

     Accordingly, we have appointed Keith Decker to the position of President and Chief Operating Officer of High Liner Foods USA. Keith will assume responsibility for all U.S. operations and sales organizations, both retail and food service. We are confident that his leadership and expertise will serve our U.S. operations well as we continue to pursue synergies and move forward with our growth plans."

    The Company also announced that Mark Lamothe, former President and Chief Operating Officer of High Liner Foods USA, has left the organization to pursue other interests. With respect to Mr. Lamothe's departure, Mr. Demone said "I would like to take this opportunity to publicly thank Mark for his contributions to High Liner and wish him well in his future endeavours."

    About High Liner Foods Incorporated

    High Liner Foods Incorporated is one of North America's largest processors and marketers of prepared, value-added frozen seafood. High Liner's branded products are sold throughout the United States, Canada and Mexico under the High Liner(R), Fisher Boy(R) and Sea Cuisine(R) labels, and available in most grocery and club stores. The Company also sells its High Liner(R) and FPI(R) food service products to restaurants and institutions, and is a major supplier of private label seafood products to North American food retailers and food service distributors. High Liner Foods is a publicly traded Canadian company, trading under the symbol HLF on the Toronto Stock Exchange.
 



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