Young’s Seafood eyes up sale of business

Tue, 12 Dec 2017 | BUSINESS SALE

The owners of Young’s, one of the country’s most well-known seafood brands, are understood to be exploring the possibility of a multi-million pound sale of the consumer goods business.

It was widely reported this week that private equity firms Lion Capital, Bain Capital and HPS Investment Partners are working alongside a boutique investment house, Stamford Partners, on a potential exit from Young’s.

Young’s was acquired by its current owners in 2015 on the back of a £500 million deal, whereby Findus’ European business was sold to Nomad Foods, co-owner of Birds Eye, leaving behind Young’s business in the UK.

The seafood producer, which is based in Grimsby, has been operating for more than 200 years and recorded a turnover of £496.5 million in 2016 with earnings estimated at £21.2 million.

The firm is currently forging ahead with plans to expand in the US after partnering up with Pennsylvania fish supplier The Fishin’ Company. Young’s has already launched seven new products in the American market. Closer to home it sells a wide range of frozen food products, including ready meals and a more upmarket “Gastro and Chip Shop” range.

Young’s was founded in 1805 by Elizabeth Young and her family, who set up shop in the Grimsby fish docks to sell catches from a fleet of fishing vessels. Still based there today, the firm now boasts a manufacturing and product development operation, employing around 1,700 staff across seven sites.

Any deal would be impacted by ongoing Brexit negotiations, with the dividing of fishing stock and other regulatory changes likely to change the face of the UK fishing sector considerably.

It would also mark further consolidation in the seafood production business after Hilton Food Group sealed an £81 million takeover of Young’s rival Seachill in October.

Young’s Seafood and Lion Capital declined to comment.


Share this article



Latest Businesses for Sale

Wood Burning Stoves Retailer
North Yorkshire, Yorkshire and the Humber, UK

Lifestyle wood burning stoves retailer, iInstaller and wholesaler: Includes stones and reclaim / salvage business. This is a well established family business within the fashionable and lifestyle choice sector of wood-burning stoves. These stoves are...

Asking Price: £165,000
Turnover: £746,000

LEASEHOLD


Fireplace Surround Business
West Midlands, UK

Renowned and respected business, favoured by customers for its unique product offering and its excellent service. Established in 1990, the business has overcome several recessions, continually growing its reputation, workload and customer base. The c...

Asking Price: £750,000
Turnover: £750,000

LEASEHOLD


Garden Machinery Lawnmowers Tool Hire Business
North Wales, Wales, UK

Garden machinery, tool hire, lawnmower sales and repair business, ideally situated within a popular residential area in North Wales. The business is split over two sites, one is a retail unit with workshop, close to the town centre, whilst the larger...

Asking Price: £225,000
Turnover: £310,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Nov
 

Warm Zones enters administration | ADMINISTRATION

A North Shields-based non-profit business dedicated to helpi...

 
15
 
Nov
 

Berketex Bride enters administration | ADMINISTRATION

With over 50 years in selling wedding dresses, Berketex Brid...

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
17
 
Nov
 

Warm Zones enters administration | ADMINISTRATION

A North Shields-based non-profit business dedicated to helpi...

 
15
 
Nov
 

Berketex Bride enters administration | ADMINISTRATION

With over 50 years in selling wedding dresses, Berketex Brid...

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources