Young’s Seafood has snapped up UK-based The Seafood Company for an undisclosed sum.
Go deeper with GlobalData
Young’s acquired the specialist shellfish business from Canada’s Fishery Products International.
The Seafood Company is made of two businesses – Anchor Seafood and The Cromer Crab Company. In total, the group generates annual sales of around GBP70m (US$142m).
A Young’s spokesperson told just-food this morning (27 July) that The Seafood Company is a good fit for the business.
“Young’s is looking to expand its expertise of buying products, particularly shellfish, internationally,” the spokesperson said.
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.
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 GlobalDataShellfish sales are booming in the UK; according to ACNielsen figures to the end of May, chilled natural shellfish sales soared by 43% to GBP14.8m.
The Seafood Company supplies a range of products including frozen and chilled shellfish products and chilled and frozen prawns.
The spokesperson said Young’s intends to “run the businesses exactly as they are” with no initial impact on jobs.
