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Icelandic Group

Hilton Food Group, the UK meatpacking company which supplies major retailers, has made a lateral acquisition by buying seafood business Icelandic Food Group, which trades as Seachill, for GBP80.8m (US$106.3m).

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UK meat packing business Hilton Food Group has indicated that it would be keen to team up with major retailers in new markets on the back of the success of existing partnerships.

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UK meat processor Hilton Food Group is in negotiations with The Icelandic Group to buy its local seafood business Icelandic Seachill.

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UK-based seafood imports firm Seagold, a subsidiary of Icelandic seafood company Samherji, has bought a fish processing site in the UK seaport town of Grimsby from Icelandic Seachill.

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Young's Seafood has declined to comment on a report it could be among potential suitors casting their nets to acquire the UK-based Icelandic Seachill, owner of The Saucy Fish Co. brand.

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The Icelandic Group is to sell its UK fish products business Icelandic Seachill, owner of The Saucy Fish Co. brand.

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Icelandic Group has sold off its fish subsidiary Ný-Fiskur to fellow Iceland-based seafood business Nesfiskur but retained ownership of the Iceland Seafood trade mark. 

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Icelandic Group said today (9 September) it has agreed to sell its Spanish subsidiary to Solo Seafood – which is owned by a group of seafood companies in Iceland that are among the subsidiary's main suppliers.

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The Iceland Enterprise Investment Fund has begun a formal process to sell Icelandic Group's Spanish subsidiary Icelandic Iberica. 

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High Liner Foods has booked an increase in full-year earnings thanks to "significantly lower" financing and one-time costs.

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Seafood group Icelandic Seachill has set out plans to end ready-meal production in the UK, a move that could lead to 250 staff losing their jobs.

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Canada-based frozen seafood manufacturer High Liner Foods is investing US$6.6m in the expansion of its manufacturing site south of the border in Virginia.

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Icelandic Group, the owner of The Saucy Fish Co., is merging the management teams within its UK operations in a move it claims would increase its competitiveness in the country.

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Seafood processor Icelandic Group is launching its UK chilled brand The Saucy Fish Co. in Norway.

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Costs related to last year's acquisition of Icelandic Group hit High Liner Foods' bottom line but the new addition helped drive operating profit and sales in the third quarter.

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Canadian seafood processor High Liner Foods saw its in half-year net profit plummet on the back of costs related to the acquisition of Icelandic Group.

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High Liner Foods, the Canadian seafood processor, has secured the acquisition of Icelandic Group's operations in the US and Asia.

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Canadian seafood company High Liner Foods is in talks to buy the US and Asian operations of rival Icelandic Group.

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Fish processor Icelandic Group has hired Lárus Ásgeirsson as the new CEO of the company.

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Icelandic Group, the seafood processor, has struck a deal to sell its operations in France and Germany to a consortium of private investors.

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Spain's farmers, hit financially amid the e.coli outbreak in Europe, have been vocal in their criticism of Germany's health authorities, which wrongly placed the blame for the contamination on Spanish cucumbers. Elsewhere on our pages this week, we shone a spotlight on the debate around GM, one of the most divisive topics in the industry. Meanwhile, Wal-Mart Stores, McCormick and Icelandic Group all hailed the benefit of separate transactions to their businesses, although Spain's Ebro Foods was left to reflect on its failed bid to buy Australian rice maker SunRice.

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Icelandic Group, the seafood processor, has posted a fall in annual profits, hit by operating costs and a higher tax bill.

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Seafood processor Icelandic Group, which supplies the likes of Tesco and Marks and Spencer, has appointed financial advisors to review the "strategic alternatives" for the business - including possible disposals.

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Canadian seafood processor High Liner Foods has reaffirmed its interest in assets owned by Icelandic Group after it emerged that the Iceland-supplier's talks to sell its production operations to a rival suitor had fallen through.

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Here are the top stories on just-food this week.

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Canada-based seafood group High Liner Foods has made a EUR340m takeover bid for Icelandic Group, a seafood supplier to retailers including Tesco and Marks and Spencer.