May 1, 2018

Bristol Seafood to invest $5M for facility expansion

 

Bristol Seafood, in partnership with the Maine Technology Institute (MTI), will invest nearly $5 million in its Portland, Maine, USA, processing facility over the next three years. The investment is made possible through a grant of over $740,000 from the Maine Technology Asset Fund, with the company funding the balance.

New projects undertaken with this investment include added capabilities to its processing facility, which provides critical and necessary infrastructure to the Portland Fish Pier.

"We are proud to partner with MTI. Through this grant and our substantial investment, we will bring seafood products made to our uncompromising Maine standards to more consumers, create quality jobs for Mainers, and bring new processing technologies and capabilities to the local waterfront," said Peter Handy, president and CEO Bristol, which is the first to earn a Fair Trade certification for seafood harvested in US waters.

Bill Needelman, Waterfront Coordinator for the City of Portland noted, "For nearly three decades, Bristol Seafood has been an anchor of the seafood industry on the Portland Fish Pier. With this investment, we look forward to the next thirty years."