contact slide

Lobster Trap Press Release - Joint Venture: Nederlof

Fresh off the heels of a change in top managers, the US-based Lobster Trap Company has struck a deal with a large Dutch buyer and distributor in a bid to increase its position in the European live seafood market.

As part of an agreement with Ijmuiden, Netherlands-based Nederlof Fish, the two companies have created a joint venture that will result in the design, construction and operation of a “world-class live inventory management system and distribution network based in the Netherlands”, according to a press release.

Lobster Trap, which maintains its headquarters in Bourne, Massachusetts, can be expected to send Nederlof plenty of lobster from Canada as well as species caught in other parts of the north Atlantic and Pacific waters. James W. Schubauer, Lobster Trap's CEO and president, told Undercurrent News his company "sources vast amounts of product from both US and Canadian waters and this platform will provide an array of live species to the largest and most sophisticated seafood buyers throughout the EU".

Nederlof is a 40-year-old seafood processor, packager and distributor with others office in Italy and Croatia and partners in Greece, Spain, Croatia, Norway, Kenya, Uganda, Tanzania, Canada, and the US, according to its website. It lists, among the products it sells, fillets of plaice, cod, pangasius, tuna, swordfish and Victoria perch. It also sells salmon, skinned sharks and such fresh North Sea fish species as sole, turbot, brill, red mullet, red poon, squid and sepia as well as farmed sea bass, corvina, dorade, salmon and turbot.

The arrangement is not the first time the Lobster Trap Company and Nederlof have done business together, the two companies are careful to clarify. They have an operating relationship that has lasted more than 30 years “and have long-contemplated creating a platform to work together in a highly strategic context,” the press release said.
Maarten Buitendijk, Nederlof’s founder and chairman, said the joint venture was a “natural progression” for the two companies.

“We can now focus our complementary skillsets to create something truly innovative and creative to better serve a very intelligent customer base in a highly competitive environment. Together, I believe our two companies have a strong and clear understanding of our shared mission and a clear map as to how we are going to ensure success for all.”
Similarly, Dave Madden, Lobster Trap’s global director of sales, said the arrangement would help his company “fully deliver” on its global multi-species strategy.
The Lobster Trap recently announced that Schubauer had taken over for company founder Logan Clarke III as the new top executive. Schubauer was hired as the chief operating officer in December. Clarke, who founded the company some 46 years ago, remains the chairman of the board.

The move is seen as a prequel to significant growth and merger and acquisition activity, as Schubauer’s background includes more than 20 years of experience in the private equity and investment banking industries.

Lobster Trap Press Release - New CEO

Bourne, Massachusetts and Machias, Maine
Dec. 8, 2017

The Lobster Trap, Inc., one of the world’s largest wholesalers of live lobsters and fresh seafood, today announced today that its Board of Directors unanimously approved the appointment of James W. Schubauer II as Chief Operating Officer. Mr. Schubauer has more than 30 years of leadership and equity value creation experience and has also played an active role in helping the develop the Company’s strategic plan over the past 8 years.

“I’m honored and I’m grateful for the opportunity to lead this exceptional organization of dedicated, talented and creative professionals,” said Mr. Schuabuer. “The Lobster Trap stands as one of the most respected players in a very complex, global industry and the Company has a deep, unwavering culture of providing its customer base with exceptional service. I am extremely confident in the Company’s positioning and I look forward to further expanding The Lobster Trap’s operating efficiency and profitability.”

Mr. Schubauer graduated from Cornell University with degrees in Applied Economics and Business Management and received his MBA from INSEAD in Fontainebleau, France. Mr. Schubauer has had a long and successful career in providing pro-active leadership to high-growth businesses facing the challenge of profitably scaling their operations.

Joining Mr. Schubauer is Brian D. Murphy, CPA, who was appointed as the Company’s new Chief Financial Officer. Mr. Murphy was most recently the Director of Finance for the northeast division of Advance Auto Parts, the largest automotive aftermarket parts provider in North America. “The Lobster Trap is a world-class organization and I am pleased to be joining a team that emphasizes operational integrity and commitment to customers as their core values,“ said Mr. Murphy.

Mr. Murphy is a graduate of Bentley University and has had a distinguished career working in finance and accounting for several public and private corporations. Prior to that, he spent five years practicing public accounting in Boston.

Jim comes to us with a proven track record of success in multiple contexts and his leadership skills are truly exceptional,” said Logan Clarke III, The Lobster Trap’s Founder and CEO. “With the addition of Brian to our team, we have never been stronger and are now fully prepared to move forward into a very dynamic and challenging global marketplace”.
About The Lobster Trap

Established in 1972, The Lobster Trap is one of the world’s largest full line wholesale seafood distributors specializing in live lobster and fresh seafood. Customers include fish markets, supermarkets, restaurants and wholesalers throughout the US, Canada, Europe and Asia. Strategically located on Cape Cod with additional state-of-the-art facilities along the northern Maine coastline, The Lobster Trap is consistently ranked in the top 3% of all seafood wholesalers in the country.
The Company’s operations are HACCP approved; Federally Inspected; and are the first TSA-approved Certified Cargo Screening Facility, of any kind, in the state of Massachusetts.