date:Dec 24, 2012
Canada-based St. Jeans Cannery and Smokehouse has acquired Raincoast Trading, a seafood company and the ownership is due by 1 January 2013.
St. Jean's Cannery has produced canned Raincoast's tuna and salmon for about 15 years and with this acquisition, it is expected to increase its sales to $12m to $14m over the next two or three years, reported the vancouversun.com.
The workers will be retained in Raincoast following the acquisition and with this the company will have 100 to 115 employees, s