Northcoast Seafoods of the United Kingdom has been bought to Seafood Connection – a Dutch subsidiary of Japan’s Maruha Nichiro – for an undisclosed sum.
The United Kingdom company, primarily based in Grimsby in England’s north-east, provides prawns and whitefish merchandise to shops. Seafood Connection stated its providing is complementary to its personal industry.
It stated: “Each firms can supplement each and every different of their respectful markets. And with the sourcing energy of Seafood Connection’s dad or mum corporate Maruha Nichiro, each firms hope to develop Northcoast’s ambitions on the United Kingdom marketplace.”
Seafood Connection CEO Jan Kaptijn stated: “I’m satisfied to in spite of everything have a super spouse to make the leap around the North Sea and be extra energetic in the United Kingdom marketplace. In fact, our presence doesn’t imply that we’re going to modify the corporate.”
Fridrik Mar Thorsteinsson, who has overseen the expansion of Northcoast, however is affected by ill-health, will step down as managing director post-deal. He’ll proceed to give a contribution to the corporate as consultant and procurement director.
Finance director Adrian Crookes shall be staying with the industry, as will industrial director Christopher Baird. Crookes turns into the brand new managing director.
Takeyuki Nakazawa, Seafood Connection’s COO, supervised the purchase and acted as liaison between Maruha Nichiro, Seafood Connection and Northcoast Seafoods:
He stated: “Ever since I met the primary time with the control of Northcoast Seafoods, I got here to the belief that Northcoast Seafoods speaks the similar language as Seafood Connection and Maruha Nichiro. We’re unquestionably at the identical web page and proportion the similar industry philosophy.
“Their person native area of expertise in a large marketplace similar to the United Kingdom’s made the corporate very interesting to Maruha Nichiro and Seafood Connection. Their dimension and affect made it a really perfect spouse for our all-round geographical growth technique into different portions of Europe.”
Northcoast’s Chris Baird stated: “The synergies between the 2 companies will no doubt fortify our place within the seafood sector, which Northcoast has grown considerably over the past two decades, with the enhance of its providers and shoppers.”
Northcoast employs 112 folks and reported revenues of GBP112.5m (US$141.6m) in 2020, an building up of 20% year-on-year.
Maruha Nichiro, one of the vital international’s biggest seafood processors, invested in US frozen-food industry Happi Foodi remaining month.
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