Eight Fifty Food Group, the parent company of Grimsby, England-headquartered Young’s Seafood, has agreed to acquire Hamburg, Germany-headquartered AliSa International GmbH, which conducts business in Europe as Greenland Seafood. With approximately 600 employees working at factories in Wilhelmshaven, Germany, and Boulogne-sur-Mer, France, the company ranks as one of the EU’s largest producers frozen fish sticks, portioned fillets, sauced fillet products, prawns and other value-added convenience seafood items.
“We have long been impressed with Greenland Seafood’s strong track record, expertise in frozen seafood and long-standing relationships with its customers across Germany, France and the rest of mainland Europe. We look forward to continuing our growth journey with them as part of our expanding portfolio,” said Di Walker, chief executive officer of the Eight Fifty Food Group, which is controlled by CapVest Partners, a London-based private equity firm.
Terms of the deal, which is subject to approval by competition authorities in several European countries, were not disclosed. The Malton, North Yorkshire, UK-headquartered buyer is the holding company for Norton, England-based Karro Food in addition to Young’s Seafood, with a strong market presence in the pork market as well as the frozen and chilled seafood sector. The group’s combined workforce totals more than 5,000 people.