Fortune Fish Completes Purchase of Coastal Seafoods
On Monday, Fortune Fish & Gourmet, a renowned purveyor of quality seafood, meats, and gourmet products; announced the completed purchase of Coastal Seafoods, a Minnesota-based seafood purveyor and retailer. Already one of the nation’s largest seafood and specialty food distributors, the acquisition will expand Fortune’s service footprint to Minnesota, Nebraska, North Dakota, South Dakota, and areas of Northern Iowa and Northern Wisconsin.
Fortune will continue to operate the business out of the Coastal Seafoods Minneapolis facility. The current facility will be transitioned to Fortune Fish’s state-of-the-art bar-coding inventory system in the next two to three months for uniformity and efficiency.
Originally started in 1981 as a wholesale seafood company by owner Suzanne Weinstein, Coastal Seafoods services over 300 restaurants and retail stores within a five-state area. Coastal also operates two retail outlets in Minneapolis and St. Paul, MN. The company will be rebranded with the Fortune Fish & Gourmet name, and Weinstein will serve as a consultant moving forward. The retail stores will continue to operate under the Coastal Seafoods brand name.
This is the third acquisition for Fortune Fish & Gourmet in the last four years. JDY Gourmet was purchased in 2012 and the company acquired Chef Martin Old World Butcher Shop Sausage in 2014.
For more information on Fortune Fish & Gourmet, please visit www.fortunefishco.net.
For more information on Coastal Seafoods, please visit www.coastalseafoods.com.