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Young's Seafood

Unilever today (19 July) announced the sale of frozen-food business Findus Italy to Birds Eye Iglo for a cool EUR805m.

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UK frozen food sales have benefited from the recession, with cash-conscious consumers turning away from chilled foods to the freezer cabinet. Young's and Birds Eye have enjoyed success and now another household name - Findus - wants a slice of the action. Young's and Findus are stablemates in the newly-named Findus Group and, under a new CEO, the business is aiming high. Dean Best reports.

How to source palm oil is vexing the minds of many in the food industry. Growing consumer awareness of the links between palm oil, deforestation, the threat to wildlife and products on supermarket shelves is encouraging manufacturers and retailers to look for sustainable sources. However, only a few have grasped the nettle and, as Adam Harrison, senior food and agriculture officer for the WWF tells Dean Best, the industry needs to do much, much more - and quickly.

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Frozen food has become one of the more maligned sectors in the food industry in recent years, particularly in the UK. The seafood category, while enjoying growing consumer awareness of the importance of a balanced diet, faces its own challenges over sustainability. In this month's just-food interview, Dean Best met Mike Parker, an experienced seafood executive and part of the team behind the Young's and Findus brands.

Private-equity firm CapVest has reportedly emerged as the preferred buyer for UK-based Young's Seafood.

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This week, the more eye-catching new products announced to market include Nestle taking some of its breakfast cereals into the organic category, high-protein, no-added sugar yogurts from Chobani in Australia and the first chilled milk product from the UK's Good Hemp.

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The race to acquire up-for-sale UK food business Young's Seafood has reportedly come down to a final three.

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British frozen fish company Young's Seafood has confirmed its Pinneys site in Scotland will close.

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just-food publishes the most notable product development from the international food sector, presented in bitesize format to give you a flavour of the innovation from your peers and competitors announced this week.

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Sun Capital Partners, a private-equity firm based in the US, has been linked with a possible bid for up-for-sale UK food company Young's Seafood.

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The private-equity owners of the UK's Young's Seafood have put the company up for sale, they have confirmed in a statement.

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UK-based Young's Seafood has won three "significant" contracts with retailer Marks & Spencer (M&S) but has revealed it is to exit deli and meals production from its Pinneys site in Annan, Scotland, saying the operation is no longer financially sustainable.

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The UK's Young's Seafood is reportedly eyeing China as its next export destination.

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The UK's Young's Seafood has secured a deal in the US that will see its products sold at more than 14,000 distribution points through retailers such as Walmart, Sam's Club and Ahold Delhaize.

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Some 20 jobs are expected to be created through the creation of a new UK fish processing factory in Aberdeenshire.

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just-food publishes the most notable product development from the international food sector, presented in bitesize format to give you a flavour of the innovation from your peers and competitors announced this week.

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The UK's Young's Seafood has signed a deal with distributor The Fishin' Company which will see its products sold by retailers in the US.

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UK-based Young’s Seafood today (23 August) announced the appointment of experienced finance executive Tim Busby as its CFO.

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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 interim chief executive officer of Young's Seafood, Bill Showalter, has been confirmed as the UK company's permanent CEO.

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Young's Seafood has said its new Simply Bake range aims to "inspire" a renewed love of fish in a declining market sector and net a following of younger consumers.

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Pete Ward is to step down as CEO of Young's Seafood Limited and leave the company after 38 years of service following a major strategic review of the business. 

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UK-based jerky firm Meatsnacks Group has struck a lease agreement with Scotland's Highlands and Islands Enterprise (HIE) for a facility in Spey Valley formerly occupied by Young's Seafood.

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Young's Seafood believes it can "rebuild" sales over the coming year through a focus on innovation, expansion into new channels such as foodservice, as well as M&A. 

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Young's Seafood is launching gluten-free fish fingers in the UK in a move the company said aims to attract new shoppers to the segment and take gluten-free products to mainstream consumers.

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Young's Seafood International Holdings has announced CFO Bill Showalter will replace CEO James Hill, who is to leave the the UK seafood group.

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Young's Seafood has added frozen products to its The Funky Fish Kitchen range, which the UK seafood processor sells through Asda.

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Young's Seafood, the UK processor, has today (23 September) confirmed how it plans to use two plants that were under threat after the end of a contract to supply Sainsbury's.

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Nomad Foods, the new owner of frozen food business Iglo Group, is set to expand its business in the sector with a deal to acquire Findus Group assets in Europe.

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This week, Mondelez International reported its first-half results and cited the benefits of pricing and productivity on its margins. In the UK, Young's Seafood announced a potential revised restructuring plan that could ease the impact on jobs at two plants. Nestle appointed a new MD for its under-fire India arm and just-food caught up with the CEO of Danone's US organic baby food unit, Happy Family, as it ventures into adult snacks.