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

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

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