Young's Seafood owners put business up for sale

Fri, 20 Apr 2018 | BUSINESS SALE

The owners of Young's Seafood have placed the British frozen food manufacturer up for sale, confirming intense speculation that took place over the winter period.

Owners and investors Lion Capital, Bain Capital and HPS Investment Partners have announced they are open to bids for the UK's leading seafood supplier following 10 years of ownership.

The partnership has called in investment house Stamford Partners to hire the sale of the firm, which is expected to achieve a final sale price of up to £300 million.

In response to the announcement, a Young's Seafood spokesperson revealed that the company intends to begin an open bidding process for the acquisition of up to 100 per cent of its shares.

"We have sent out notification that we intend to start a structured and open bidding process with all interested parties for the sale of the Young’s Seafood group," he said. "We aim to inspire people to love fish now and for generations to come."

While there is no timescale for the bid, many potential buyers are expected to come forward in the coming months thanks to the company's attractive £500 million turnover and strong reputation following 200 years in the industry.

According to Dave Monaghan, from Unite the union, the announcement of the sale is "no surprise" to the company's thousands of staff members, who work across the company's Grimsby headquarters and Scottish site.

"We would hope any further investor comes from the fish and food processing industry, time will tell," said Mr Monaghan, who represents the firm's employees. "And that whoever purchases the business will maintain investment in the Grimsby area."


Share this article



Latest Businesses for Sale

High End Restaurant
London, UK

Offering a selective menu of freshly cooked dishes, the business also takes advantage of delivery services such as Deliveroo and UberEats. Excellent reputation. Spacious premises. Events hosted. Recently refurbished. Friendly, professional team. Offe...

Asking Price: £450,000
Turnover: £520,000

LEASEHOLD


Delicatessen
North West, UK

Trading over 20 years, Town centre location, 7 staff all part time. Well established delicatessen based in the Ribble valley. Offers invited.

Asking Price: Offers Invited
Turnover: £380,000

High End Restaurant
North West, UK

Award winning high end restaurant, based in Lancashire, Significant investment in recent years has created a platform for further growth. Featured in the Michelin guide. Freehold property within an attractive rural setting. Large car park. Offers inv...

Asking Price: Offers Invited
Turnover: £325,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
29
 
May
 

Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

 
28
 
May
 

M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE

Asset manager M&G has completed the purchase of wealth manag...

 
27
 
May
 

Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
02
 
Jul
 

Acquisition deal creates £1.2 billion food business | BUSINESS SALE

Karro Food Group has signed an agreement to acquire Young&rs...

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