Announced
Completed
Financials
Tags
food retail
Single Bidder
Food Products
Private
Cross Border
Completed
Acquisition
United Kingdom
Friendly
Majority
Synopsis
Seafood Connection, a supplier of frozen seafood products, completed the acquisition of Northcoast Seafoods, a seafood wholesaler. Financial terms were not disclosed. “I am glad to finally have a great partner to make the jump across the North Sea and be more active in the UK market. Of course, our presence doesn’t mean that we’re going to change the company. The same management will stay because I believe they are very able. Adrian Crookes has a long history with Northcoast Seafoods and has taken an important role in Northcoast Seafoods acquisition as well as in the restructuring of the company in the past 3 years. He will lead the company over the coming years as Managing Director together with Commercial Director Christopher Baird, who is a key long-time employee who has an important role in the wholesale and retail business development and diversification at Northcoast Seafoods. Fridrik Mar Thorsteinsson will step down as Managing Director and continue to contribute to the company as Advisor & Procurement Director," Jan Kaptijn, Seafood Connection CEO.
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