Plant-based seafood firm Ocean Hugger Foods – which was forced to pause operations last June as COVID-19 ravaged the foodservice industry (its primary market) – will stage a comeback later this year after forging a joint venture (Ocean Hugger Inc) with Thai food manufacturer Nove Foods.
A wholly-owned subsidiary of global manufacturer NRF, Nove Foods has “
multi-continent manufacturing capabilities and sales relationships with many of the world’s largest retailers,” and is “
quickly becoming a major force in the supply of cutting-edge plant-based foods,” said David Benzaquen, co-founder and board member at Ocean Hugger Inc.
The plan is for a global launch of an expanded portfolio of plant-based seafood products in retail and foodservice in late 2021, said Benzaquen, who told FoodNavigator-USA that the order is still to be determined, but the company
Plant-based seafood company Ocean Hugger re-emerges after COVID collapse intrafish.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from intrafish.com Daily Mail and Mail on Sunday newspapers.
Share
Plant-based seafood analog maker Ocean Hugger Foods, which shut down last summer due to the COVID-19 pandemic, is back via a new partnership with plant-based food manufacturer Nove Foods.
Ocean Hugger Foods said last June deteriorating business conditions caused by the coronavirus pandemic forced it to shut down operations. Then, in September, the company said it would relaunch sometime in 2021.
Now, Ocean Hugger Foods and Thailand-based food manufacturer Nove Foods Ltd., a wholly owned subsidiary of NR Instant Produce Public Company Limited (NRF), have formed Ocean Hugger, Inc. The two companies did not disclose the financial terms of the partnership.