Unión Martín, the Spain-based seafood supplier, has attracted investment from Alantra Private Equity.
The details of the investment remain confidential but reports in Spain say Alantra has acquired a majority stake in the business.
Based in Las Palmas de Gran Canaria, Unión Martín is “one of the national leaders” in the production and marketing of seafood, Alantra claimed.
Unión Martín has an annual revenue of more than EUR80m. The company has two fish processing plants in Las Palmas, from which it markets its products both in Spain and internationally. The group has controls a fleet of 20 vessels through exclusive supply agreements with local shipowners, including four freezer fishing boats in Morocco owned by subsidiary Palma Pesca.
Alantra said José Lorenzo Noda Martín, Pablo Gómez-Pablos Calvo and Antonio Socuéllamos Esparcia will remain as shareholders and managers in Unión Martín.
Executive director Martin said: “With the support of Alantra, we will be able to institutionalise our company to a greater extent, strengthen our management and advance in the process of internationalization of our activity.”
Gonzalo de Rivera, the CEO of Alantra, said Unión Martín has “a high potential for growth and international expansion, which makes it a unique consolidation platform in a sector that is still very fragmented”.