Tantalizers Plc has signed a five-year offtake agreement with U.S.-based Harvester Fisheries LLC, marking the Nigerian food company’s biggest step yet into the global seafood export market.
The pact, valued in the “multi-million-dollar” range, commits Tantalizers and its subsidiary, Tantalizers Fisheries Ltd., to supply minimum annual quantities of wild-caught tiger prawns and shrimps to Harvester Fisheries, the companies said in a statement filed on the NGX.
The deal expands the company’s push beyond its quick-service restaurant roots and into export-oriented operations as Nigeria seeks to boost non-oil foreign earnings.
Tantalizers Fisheries operates from a free-trade zone and handles harvesting, trawling, processing and export of shrimp and prawn products that meet global quality and food-safety standards.
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“This agreement marks a significant milestone in our diversification strategy,” Robert Speijer, Tantalizers’ group managing director, said. “It strengthens our global supply chain integration and positions Nigeria as a credible source of high-quality seafood for the North American market.”
Harvester Fisheries, headquartered in New Bedford, Massachusetts, one of the largest fishing ports in the U.S., distributes premium seafood to retail chains, restaurants and institutional buyers across North America.
The company said it is confident in Tantalizers Fisheries’ production capacity and compliance with international regulations.
The agreement follows extensive negotiations and due diligence by both parties and aligns with Nigeria’s efforts to expand its blue economy and non-oil exports.