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January 2, 2020

Sykes Seafood agrees deal with Dutch Seafood Company for Klaas Puul

UK-based Sykes Seafood has agreed to purchase Klaas Puul, the shrimp division of the Dutch Seafood Company (DSC).

By Dean Best

UK-based Sykes Seafood has agreed to purchase Klaas Puul, the shrimp division of the Dutch Seafood Company (DSC), for an undisclosed sum.

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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.
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Klaas Puul, located in the Dutch village of Volendam, was founded by entrepreneur Evert Mooijer and is regarded as one of Europe’s largest sea fishing companies. The seafood processor supplies retailers in its home market, as well as France, Belgium and Germany. It has production facilities in Volendam and Edam in the Netherlands, and also Tangier in Morocco. 

The transaction by Manchester-based Sykes Seafood, a family-owned business, is expected to close by the end of February subject to clearance from the local competition authority, according to a statement, which added the deal will enable DSC to focus on growing its Foppen division for smoked salmon.

DSC was formed in 2018 when Dutch seafood processors Klaas Puul Beheer and Foppen Groep merged. Private-equity firm H2 Equity Partners, which bought a controlling stake in Klaas Puul in 2016, remained DSC’s majority shareholder.

Combining Sykes, which is focused on foodservice channels, and Klaas Puul creates a business with an annual turnover of around EUR300m (US$336.2m) with a presence in fresh and frozen seafood.

Established in 1964, Sykes was previously known as Sefton Meadow Seafoods. The company has processing facilities at the New Smithfield Market in Manchester and in the city of Liverpool.

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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.

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