UK seafood firm Young’s Bluecrest Seafood has announced its successful acquisition of the Pinegain Group, which includes UK seafood processor Marr Foods, for an undisclosed sum.
Young’s said the acquisition reflected continuing growth in the British appetite for fish. The UK seafood market is currently worth £1.7bn (US$2.8bn) and has demonstrated volume growth of 19% since 1999, the company said.
Young’s supplies fish products to most UK sectors – including frozen and chilled, branded, private label, retail and foodservice sectors.
The company said the acquisition expands its existing manufacturing abilities as well as building its credentials in popular seafood such as tuna, Pacific salmon and smoked fish.