Announced
Synopsis
Malton, United Kingdom-based pork processor Karro Food Group acquired Young’s Seafood, a British producer and distributor of frozen, fresh, and chilled seafood. Financial terms were not disclosed. “We are delighted to be moving forward with Karro and CapVest and we believe this move will be positive for the fish and seafood industry as a whole,” Young's CEO Bill Showalter said. “With CapVest’s existing understanding of our industry, and as part of a multi-protein food group, we will have the opportunity to inspire more consumers to love fish through our fresh, frozen, own-label and branded products. The transaction will build an even stronger foundation from which we can drive growth, providing exceptional quality fish and stand out innovation to countries around the world.”
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