Premium Seafoods Ltd.

Premium Seafoods Ltd. brokers live lobster, shrimp, crab and groundfish, as well as off-loading vessels.

The purchase and sale of live lobster continues to be an integral part of the operation. Live lobster is purchased during the fishing season from local fishermen throughout Richmond County. The majority of the lobster is then sold to other companies, while the balance is sold out of the retail fish market that Premium operates on its premises.

The company also off-loads many shrimp boats from southern Nova Scotia and New Brunswick that have been fishing in the area for many years. Since 1998 local associations and fishers acquired their own shrimp quota. Premium Seafoods Ltd. purchases these landings and sells to Nova Scotia processors.

Premium Seafoods Ltd. also expanded its operations to include the brokering of live snow crab. Last year fishermen from Cape Breton Island sold 3 million pounds of crab to the company. This allowed the company to provide crab to two processing companies. One of these is the crab processing plant, Petit de Grat Packers Ltd., that is a complimentary company to Premium Seafoods Ltd.