Eight Fifty Food Group has announced the acquisition of one of Europe’s leading seafood companies, Greenland Seafood, for an undisclosed fee.
Greenland is one of mainland Europe’s largest producers of frozen seafood products and employs approximately 600 people across its two manufacturing sites in France and Germany.
The move follows Eight Fifty’s recent acquisition of Irish processor and multi-channel supplier of gammon, bacon and sous-vide meat products M&M Walshe Holdings Limited, which trades as RibWorld, Callan Bacon and Stirchley Bacon, in May. Eight Fifty is also the owner of Young’s Seafood.
Following the acquisition Eight Fifty will have sales of circa £1.7 billion and employ more than 8,000 people across 21 sites in the UK, Ireland and mainland Europe.
Allan Jensen and Patrick Barinet, who have led Greenland for over 10 years, will remain with the business post-transaction.
Di Walker, CEO of Eight Fifty Food Group, said: “We have long been impressed with Greenland Seafoods’ strong track record, expertise in frozen seafood and long-standing relationships with its customers across Germany, France and the rest of mainland Europe.
“We’re delighted to welcome Greenland into the Eight Fifty Food Group and look forward to continuing our growth journey with them as part of our expanding portfolio.”
Allan Jensen added: “Greenland is passionate about delivering the best seafood products for our customers. In Eight Fifty we recognise a partner which shares this vision and matches our ambitions for further growth. We look forward to the next stage for Greenland as part of the Eight Fifty Food Group family.”