Mark Foods, a US importer, processor and marketer of seafood products, is acquiring Bristol Seafood, a Maine company known for its scallop, groundfish and value-added offerings.

This acquisition expands Mark Foods' portfolio, adds Bristol's team to the Mark Foods operation and increases Mark Foods' production capacity and footprint. The Bristol Seafood brand will remain in place, and all Bristol employees will join the Mark Foods team. Peter Handy, Bristol's president and CEO, will continue to lead category management for the species that Bristol is known for, including scallop, groundfish and other value-added offerings. Additionally, he will serve as Mark Foods' chief operating officer, join the company's board of directors, and become a shareholder.

"We are pleased to enter this agreement, which brings the Bristol team, customers, and suppliers to Mark Foods. With the addition of Bristol, we will be able to support our customers with new categories, enhance our team, and expand our production footprint to include the Northeast region," said Barry Markman, CEO of Mark Foods. "In addition, we are enthusiastic to explore Bristol's B Corp Certification and how we can bring these best practices and this certification to our company as a whole. We look forward to welcoming Peter and his team and working together to serve our customers and drive new levels of growth."

"I am proud of Bristol's 32-year history showing up as a steady and committed partner for its team members, customers and suppliers, while making a positive impact on our community and the environment. With this transaction, we will be joining a company I have long admired in Mark Foods. I look forward to continuing our work and building on Bristol's strong legacy as a part of Mark Foods," said Handy.

This acquisition is the latest in a series of investments undertaken by Mark Foods over the last several years including Arista Industries in 2023, Endeavor Seafoods in 2021 and Openwater Seafoods in 2020.

The financial terms of the transaction were not disclosed. The transaction is expected to close in August 2025.

Source: Mark Foods