November 22, 2019 — Lund’s Fisheries has added a new piece to its growing Atlantic scallop puzzle in US fishing hub New Bedford, Massachusetts, acquiring JT Sea Products from its founder along with its processing facility, the company has confirmed with Undercurrent News.
Cape May, New Jersey-based Lund’s has been, for the past few years, building scallop sales to match the size of its dominating squid business. Though he declined to provide annual revenue figures, Lund’s president Jeff Reichle told Undercurrent in an earlier interview that scallops have already gone from representing between 5% and 10% of his 64-year-old company’s sales three or four years ago to as much as 40%.
At least seven of Lund’s 19 vessels are equipped with scallop permits, and other scallop owner-operator vessels have been working out of Lund’s facilities for the past 20 or 30 years, he said.