Mersey Seafoods Has Quietly Emerged as a Major Seafood Company
On this episode of the Insights Podcast, our guest is Greg Simpson, the President & CEO of Liverpool, NS-based Mersey Seafoods, a company most would know very little about. Mersey Seafoods was founded in 1964 by a dentist, Dr. Bill Murphy and a group of like-minded businesspeople. It was started to replace a fish plant that had been destroyed by fire and has since become one of Atlantic Canada's largest privately owned seafood companies. The family continues to be privately held by the Murphy family. The company has 700 employees and its own fishing fleet, and one of its ships can catch up to 10 million shrimp in a day. The company recently acquired additional scallop quota, raising its share of the quota to 13 percent. The company is becoming vertically integrated with its own processing facilities, retail and wholesale operations. The company recently acquired the well-known Fisherman's Market and has plans to expand that business. They recently acquired the Shelburne Ship Repair facility, driving growth on the marine repair side of the business. It is a remarkable business success story that few will be aware of.
