Fortune International completes acquisition of Morey’s St. Louis and Kansas City operations
Fortune International LLC, the Midwest’s leading processor, distributor and importer of quality seafood, meats, and gourmet products; announces the April 1st purchase of the St. Louis and Kansas City operations of Morey's Seafood International LLC, a Golden Valley, MN-based branded seafood products provider and seafood distributor. Already one of the nation’s largest seafood and specialty food distributors, the acquisition will expand Fortune International’s Fortune Fish & Gourmet brand with additional processing and distribution facilities which will allow them to increase their service level and footprint in the current market.
Fortune will continue to operate the business out of the Morey’s St. Louis facility. The facility will be transitioned to Fortune Fish’s state-of-the-art inventory management system in the next two months for uniformity and efficiency.
Sean J. O’Scannlain, Fortune’s President & CEO, stated, “As we grow as a company, we continue to look for the right people to facilitate that growth. We have competed with the strong Morey’s team in the Missouri market for several years and we are looking forward to bringing them into the Fortune Family.”
Morey’s St. Louis was purchased by Morey’s Seafood International in 1999 from The Fresh Fish Company. They have operated as a seafood processor and distributor servicing the finest retailers, restaurants, clubs and military facilities for the past 20 years. The company will be rebranded as Fortune Fish & Gourmet and Scott Medill, the General Manager of Morey’s St. Louis, was hired by Fortune International as the Vice President and General Manager of Fortune Fish & Gourmet’s St. Louis and Kansas City operations. This purchase involves only the St. Louis and Kansas City operations of Morey’s Seafood International and does not include their Minnesota-based manufacturing or distribution operations.
Jim Walstrom, CEO/President of Morey’s Seafood International states, “This is a beneficial and strategic move for both of our companies, and our team in Missouri. It will bring some stability to a fiercely competitive market in and around Missouri and will set the stage for growth well into the future there.”
Fortune International embarked upon an acquisition strategy in 2012. The Morey’s acquisition follows the acquisition of JDY Gourmet in 2012, the Chef Martin Old World Butcher Shop acquisition in 2014, the Coastal Seafoods acquisition in 2016 and the Lobster Gram acquisition in 2017.
For more information on Fortune Fish & Gourmet, please visit www.fortunefishco.net.
For more information on Morey’s Seafood International, please visit www.moreys.com.
Source: Fortune International