Owner of Saucy Fish Co put up for sale

Tue, 25 Apr 2017 | BUSINESS SALE

Seachill, the Grimsby-based food firm which owns the popular fish brand Saucy Fish Co, has been put up for sale by its owner Icelandic Group.

Established in 1998, Seachill is one of the largest chilled fish processors in the UK and is a major supplier to Tesco.

The firm, which operates the Russell Fish Processing and Smoking Factory out of Grimsby Docks, posted revenues of £266 million in 2016 and employs 750 people.

Seachill’s best-known brand is the Saucy Fish Co, which sells a range of brightly-packaged fish products at shops including Budgens, Waitrose and Sainsbury’s.

Icelandic Group said the Saucy Fish brand had “revolutionised consumer perceptions of fish in the UK” and has a “fast-growing” global reputation.

In a statement Icelandic Group, which acquired 80 per cent of Seachill for £36 million in 2004, said the company was in excellent shape and was well-positioned for a sale.

"This sale announcement is no surprise and is a very positive next step for Seachill, its employees and partner customers who place a high value on the business management and strategy," said Simon Smith, chief executive of Icelandic Seachill.

Bank of Iceland and UK-based Oghma Partners have been appointed to manage the sale of Seachill.

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