Cité Marine, which specialises in private-label, breadcrumb-coated fish products, is in exclusive negotiations to acquire Brittany-based counterpart, Halieutis Fish & Co.

The value of the transaction has not been disclosed. A deal is expected to be completed by the summer, a spokesperson for Cité Marine told just-food today (20 April).

With an annual turnover of EUR30m (US$32.3m) and employing more than 80 staff, Halieutis Fish was put up for sale by parent company, Roullier, which no longer considered it a strategic asset.

Cité Marine’s interest in Halieutis Fish stems from the fact it has a frozen fish and seafood product range complementary to its own. The two companies are also located close to each other, the spokesperson said.

Majority-owned by Japanese group Nissui since 2007, Cité Marine is also investing EUR13m in a new production plant at its headquarters in Kervignac, due to growing demand for its breadcrumb-coated fish products, the spokesperson added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.