Blue Star Foods Extends Multi-Year Supply Relationship with Sysco Corporation
Blue Star Foods Corp. (NASDAQ: BSFC) has extended its supply contract with Sysco Corporation for an additional year, effective July 2022. The agreement involves Sysco purchasing Blue Star's popular brands, including Pacifika and Good Stuff Mexican Crab meat. Sysco is the world's leading broadline food distributor, servicing over 600,000 clients globally. CEO John Keeler emphasized the significance of this partnership, highlighting Blue Star's commitment to providing safe and sustainable seafood products. This contract renewal enhances Blue Star's market position and reflects its reputation in the industry.
- 1-year extension of contract with Sysco enhances revenue stability.
- Partnership with Sysco, the largest food distributor, boosts market credibility.
- Opportunity to supply high-quality seafood to major retailers and restaurants.
- None.
Miami, FL, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that it recently signed a 1-year extension to its multi-year supply contract with Sysco Corporation. The Bid Award Purchase Agreement is effective starting in July 2022, and is for purchase of Blue Star’s award-winning brands, such as Blue Star, Pacifika and Good Stuff Mexican Crab meat.
Sysco Foods is the world's largest broadline food distributor with more than 600,000 clients in a wide array of fields. The company operates approximately 330 distribution facilities worldwide and provides service to over 90 countries.
John Keeler, Chairman and CEO of Blue Star Foods, commented, “We’ve had this relationship with Sysco for the last several years, and are excited to renew the contract with them to continue being a trusted supply partner.” He further added, “We supply crab meat to some of the largest food retailers and high-end restaurant chains in the country because of our reputation of bringing safe, sustainable and fresh marine protein to the marketplace. We work hard to be known as a trusted and reliable partner for our customers, and appreciate the trust that a company as well-known as Sysco has placed in us.”
About Blue Star Foods Corp. (NASDAQ: BSFC)
Blue Star Foods Corp. is an integrated ESG seafood company that processes, packages and sells high-value seafood products. The Company believes it utilizes best-in-class technology, in both resource sustainability management and traceability, and ecological packaging. The Company also owns and operates the oldest continuously operating Recirculating Aquaculture System (RAS) full grow-out salmon farm in North America. The company is based in Miami, Florida, and its corporate website is: https://bluestarfoods.com
Forward-Looking Statements:
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Risks concerning the Company’s business are described in detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contacts:
investors@bluestarfoods.com
