Nomad Foods Partners With BlueNalu For Cell-Cultured Seafood In Europe

Frozen food company Nomad Foods Ltd NOMD has signed an agreement with BlueNalu Inc, a cell-cultured seafood company, to explore the introduction of cell-cultured seafood in Europe.
The agreement will help commercialize cell-cultured seafood in Europe to help meet rising demand and safeguard the long-term availability of quality, affordable seafood.
Europe is the largest importer of seafood globally due to high consumption rates, with EU citizens consuming more than three times as much as they produce, Nomad Foods said, citing a report.
Price Action: NOMD shares are trading higher by 1.75% at $26.76 on the last check Monday.

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