Fortune International Acquires Alabama Seafood Distributor
Fortune International, LLC, which processes, distributes and imports quality seafood, meats, and gourmet products, has acquired Alabama-based branded seafood distributor and importer Jubilee Foods, Inc., which does business as Jubilee Seafood out of operating facilities in Bayou La Batre, Alabama; Birmingham, Alabama; and Picayune, Mississippi. The company offers a full line of frozen seafood, oysters, and local gourmet products along the Gulf Coast . This acquisition expands the Fortune Fish & Gourmet brand south, servicing Alabama, Mississippi, Louisiana and Florida.
Fortune will continue to operate the business out of the three Jubilee Seafood facilities. Patrick Kraver will be staying on as the Vice President and General Manager of Fortune Fish & Gourmet – Gulf States. “Our growth focus has always been the central United States, and Jubilee is the perfect partner for us to expand south. We are eager to build on their strong relationships with the addition of a fresh seafood program and our gourmet portfolio. We will also expand Jubilee’s strong domestic shrimp program within our other divisions,” said Sean J. O’Scannlain, Fortune’s President and Chief Executive Officer.
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Jubilee Seafood was founded in 1967 by Charles Walton Kraver, Sr. who came from a family with a long history of working in the seafood industry. He began his career working on shrimp boats as a deckhand, then captain and ultimately owning a fleet of commercial shrimp trawlers. He was a member of the Gulf of Mexico Fishery Management Council for three years and the Conservatory Advisory Board for seven years. Kraver, also owns Deep Sea, a shrimp processing facility in Bayou La Batre, and Country Girl, a commercial shrimp boat fishing out of Bayou La Batre. Deep Sea and Country Girl are not included in the acquisition of Jubilee.
