Young's Seafood owners put business up for sale

By Laura Mullan
Young’s Seafood, one of the UK’s leading fish suppliers, has announced that it has been put up for sale. The announcement came from its parent comp...

Young’s Seafood, one of the UK’s leading fish suppliers, has announced that it has been put up for sale.

The announcement came from its parent company Lion Capital which is owned by private equity firms HPS Investment Partners (UK), Bain Capital Credit and Lion Capital.

The UK-based firm accounts for around 40% of all the fish eaten in the UK every year and has a workforce of around 1,500 people.

Speculation about the fish supplier’s future has been mounting for months with many predicting that the sale will attract interest from both home and abroad.

SEE ALSO:

Japan’s Mitsubishi Corporation - owner of canned food producer Princes - is rumoured to be plotting a bid, according to The Telegraph.

A spokesperson for Young’s Seafood said: ‘We have sent out notification that we intend to start a structured and open bidding process with all interested parties for the sale of the Young’s Seafood group.”

‘Young’s Seafood is the UK’s leading seafood supplier, with a 200-year heritage and a turnover of over £500 million. We aim to inspire people to love fish now and for generations to come.”

In recent weeks Young's Seafood has also announced that it is considering closing its Scottish seafood plant in Annan to move production to Grimsby,   

Share

Featured Articles

Ahold Delhaize Targets Sustainability & Omnichannel Goals

Multinational food business Ahold Delhaize prioritises sustainability and omnichannel innovation as part of its new plan for financial and strategic goals

US Bird flu Turns Spotlight on Milk Pasteurisation

As bird flu sees sales of raw milk spike, we look at the work of Tetra Pak, a giant in the world of pasteurisation.

Nestlé 'Meeting Sustainability Targets on Nescafé Coffee'

Nestlé is meeting targets on sustainably-sourced Nescafé coffee, & has donated 21mn plants as part of global ESG initiatives, a company report claims

Coffee Prices Soar as Extreme Weather Hits Brazil & Vietnam

Drink

Guinness & Carlsberg Back Drought Resistant Grain for Beer

Drink

Tyson Foods Shares Plummet in Face of Costs & Inflation

Food