By Lauren Kramer July 01, 2010

Seafood companies historically run on high-risk, low-margin business models. So when the credit market plummeted prior to the recession proclamation, followed by restaurants folding and sticking lots of seafood companies for oodles of money, the industry has seen a fair amount of dire news. In January the Wapo Group in Monterey Park, Calif., filed for bankruptcy. That same month, Berry & Sons Seafood in Monroe, N.C., ceased operations.