Poland-based Morpol, which is one of the world’s leading salmon processors, has expanded its UK operations with the acquisition of Brookside Products for less than £1m. Based in Cumbria, Brookside produces about 1,500 tonnes of smoked salmon a year and is projecting a turnover of £12m for 2010.
Brookside currently has an estimated 10% of the UK smoked salmon market. Morpol will use Brookside as a platform to further strengthen its position in this important market. Morpol entered the UK salmon farming sector in August with the acquisitions of Mainstream Scotland and Westray Scotland.
“Through the combination of recent farming acquisitions in Scotland and this important step into smoked salmon processing within the UK, we now have an excellent base where we can further penetrate not only the UK market, but also other European markets” says Jerzy Malek, chief executive of Morpol.
The Morpol Group had revenue of approximately Eur340m in 2009. Founded in 1996 in Ustka on the Baltic coast of Poland, the company employs over 3,000 people in eight countries. Morpol Group is the world leader in smoked salmon. Morpol serves customers across Europe, in Japan and the US.