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May 2, 2019

Japan’s Nissui acquires majority stake in UK seafood firm Flatfish

The European subsidiary of Japanese fishing heavyweight Nissui Suisan Kasha has invested in a UK seafood company.

By Leonie Barrie

The European subsidiary of Japanese fishing heavyweight Nissui Suisan Kasha has acquired 75% of the UK seafood company Flatfish for an undisclosed sum.

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Flatfish, based in Grimsby on England’s east coast, is a primary processor and has customers in both the retail and foodservice sectors in the UK.

It catches and processes fish including cod, haddock, plaice and monkfish and also supplies farmed sea bass and turbot. It owns the Blue Marlin brand.

The company was founded in 1979 by Steven Stansfield and his father Bob, operating on the old Grimsby Fish Pontoon. By 1991, the company was wholly owned by Steve.

Flatfish describes itself as being “in the unique position of being able to influence both catching strategies at one end of the supply chain, and product development strategies at the other”.

Nissui’s investment fits in with its strategy of strengthening its seafood supply chain in the UK following its acquisition of Sealord Caistor in 2017.

Related Companies

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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