Tantalizers Plc, a Nigerian fast food restaurant chain, has signed a five-year tripartite Offtake Agreement with its subsidiary, Tantalizers Fisheries Limited, and Harvester Fisheries LLC, to export tiger prawns and shrimps.
In a corporate disclosure filed with the Nigerian Exchange Limited on Friday, the company and its subsidiary will supply Harvester Fisheries LLC, a US-based seafood importer and distributor headquartered in New Bedford, Massachusetts, with agreed minimum annual quantities of wild-caught tiger prawns and pure shrimp over five years.
While the value of the deal was not disclosed, it is said to be worth millions of dollars and represents a major step in Tantalizers’ expansion into the global seafood export market.
Tantalizers Fisheries Limited, which operates within a designated Free Trade Zone in Nigeria, is fully export-oriented, engaged in harvesting, trawling, processing, and exporting wild-caught shrimp and prawn products in compliance with global quality and food safety standards.
Robert Speijer, Group Managing Director of Tantalizers Plc, said: “This agreement marks a significant milestone in our diversification strategy and underscores Tantalizers’ evolution from a purely quick service restaurant brand into a global food, retail, and entertainment group with a strong export footprint. The partnership with Harvester Fisheries LLC strengthens our global supply chain integration and positions Nigeria as a credible source of high-quality seafood for the North American market.”
Harvester Fisheries LLC is one of America’s largest fishing ports, specialising in the importation and distribution of high-grade seafood products to retail chains, restaurants, and institutional buyers across North America.
The corporate disclosure, signed by Company Secretary Olamide Babawale-Mo, revealed that the US-based company expressed confidence in Tantalizers Fisheries’ production capacity, quality assurance systems, and adherence to international regulatory standards.
The agreement followed extensive negotiations and due diligence by both parties and is expected to boost Nigeria’s non-oil export growth and blue economy development.
