STAVIS SEAFOODS ACHIEVES VERTICAL INTEGRATION THROUGH STRATEGIC PARTNERSHIP

STAVIS SEAFOODS ACHIEVES VERTICAL INTEGRATION THROUGH STRATEGIC PARTNERSHIP

Company’s long-term goal of securing supply chain transparency down to the boat is now a reality

January 17, 2018 – BOSTON, MA – Stavis Seafoods, a Boston-based, international importer and first receiver of fresh & frozen seafood, today announced that it entered into a strategic partnership with IMV, a multinational fishing company based in The Netherlands with vessels and processing facilities around the globe. This business relationship enables Stavis Seafoods to offer direct access and unparalleled supply chain visibility and traceability to its customers for a wide variety of seafood. IMV’s international fleet of fishing vessels and processing facilities deliver vertical integration that will help Stavis Seafoods expand its reach both domestically and internationally.

This partnership includes financial support that provides Stavis with more resources to position the company for growth. IMV’s vast industry and fishing expertise includes operations in different countries of South America, Asia, Africa, and of course Europe. IMV’s worldwide reach will be a competitive advantage for Stavis, allowing it to show customers a direct connection to fishermen harvesting their seafood right on the boat. Stavis will also have access to IMV’s variety of wild caught, sustainable seafood as well as resources to expand its quality, farm raised seafood product line.

“For years, one of our main strategic goals was to become a more vertically integrated company so we could meet the ever-changing needs of our customers,” said Richard Stavis, Chief Sustainability Officer of Stavis Seafoods. “This partnership not only offers direct access to high quality seafood, it also allows us to promote a simpler, more traceable sourcing solution. Consumers are getting more and more interested in seafood and this partnership makes us better equipped to meet their needs and answer their questions about how their seafood is sourced.”

“This is an exciting time for Stavis Seafoods,” added Chuck Marble, newly appointed CEO of Stavis Seafoods as a result of this partnership. “The IMV partnership will increase our production and sourcing capabilities and allow us to target a larger scale of customer while having more control over our supply chain. Stavis has a long history of innovation and excellence in seafood and this relationship will help us continue that tradition by positioning us as a true international player in the industry. We are thrilled about this relationship and the future of Stavis Seafoods.”

As part of this partnership, Richard Stavis has moved from CEO to the role of Chief Sustainability Officer and Director of Purchasing, where he will continue his work on expanding the company’s role in the industry and helping define seafood sustainability. As previously mentioned, former President Chuck Marble has been promoted to CEO and will take over the day-to-day management and operations of the company.