View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 16, 2020

Eight Fifty Food Group snaps up Germany’s Greenland Seafood

Eight Fifty Food Group, the UK meat and seafood business, has expanded its reach in fish and shellfish with another deal in Europe.

By Dean Best

Eight Fifty Food Group, the UK meat and seafood business, has expanded its reach in fish and shellfish with another deal in Europe.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Greenland Seafood based in Hamburg, Germany, has been snapped up by Eight Fifty for an undisclosed sum. The German business is officially known as AliSa International and supplies frozen products such as breaded fish, shrimp, finger foods and fish fillets under its own Sea Side brand and also for private-label clients.

Previously trading as Royal Greenland Group until 2013, the company operates two manufacturing plants in Wilhelmshaven in Germany and Boulogne-sur-Mer in France, employing a total of around 600 people.

Eight Fifty was founded last year after private-equity firm CapVest bought the UK-based business Young’s Seafood. CapVest also owns pork products manufacturer Karro Food Group, purchased in 2017. Soon after being established, Eight Fifty acquired the meat company M&M Walshe Holdings in Ireland, and last month, media reports suggested it was considering going public with a listing in London.

With the deal for Greenland, Eight Fifty said it will now have sales in the region of GBP1.7bn (US$2.1bn) and 8,000 workers spread across 21 plants in the UK, Ireland and mainland Europe.

Allan Jensen and Patrick Barinet, who have led Greenland for more than ten years, will remain with the business.

Di Walker, CEO of Eight Fifty, said: “We have long been impressed with Greenland Seafoods’ strong track record, expertise in frozen seafood and long-standing relationships with its customers across Germany, France and the rest of mainland Europe. We’re delighted to welcome Greenland into the Eight Fifty Food Group and look forward to continuing our growth journey with them as part of our expanding portfolio.”

The deal is subject to approval from competition authorities in Germany and France.

Jason Rodrigues, a partner at London-based CapVest, said the purchase of Greenland is “consistent with our ambitious strategy to pursue acquisition-led growth opportunities aimed at positioning Eight Fifty as a market leading European food group”.

He added: “Greenland has the potential to serve as Eight Fifty’s platform for further acquisitions in European seafood as well as other complementary products.”

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food