View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 28, 2021

US canned seafood brand Season snapped up by Morocco’s Mutandis

The north African firm has suggested the deal will provide access to the US market for its Moroccan food products.

Moroccan conglomerate Mutandis has made a purchase in the US, acquiring long-standing seafood brand Season from locally-based RAB Food Group.

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.

The deal, for an undisclosed amount, sees Mutandis, an industrial group specialising in household product businesses, taking over a 100-year-old brand best known for its canned sardines.

Casablanca Stock Exchange-listed Mutandis, which counts French private-equity firm Amethis as a shareholder, already owns the Josiane and Marine canned fish brands.

New Jersey-based Season’s products are sold via the retail and club channels in the US with Walmart and Costco among its customers. It turned over US$54.6m for the fiscal year ending 30 June 2020. It sources its seafood from around the world, including from Morocco which is a major player in canned sardines.

Mutandis said the deal will provide it with access to the main distribution chains in the US for its Moroccan food products.

RAB Food Group is affiliated to the Manischewitz kosher food company and private-equity firm Bain Capital Credit.

Related Companies

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.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food