Acquisition of Cumbrian Seafoods Approved

 Breaking News
  • UK Water Drinks Approach 4,000 Million Litres UK consumption of water drinks rose 7% in 2017 to nearly 4,000 million litres, with a retail value of £3.1 billion, according to a new report from global food and drink experts Zenith. Sales of plain bottled water in retail packs increased by 8% to over 3,100 million litres, while volume through bottled water coolers [...]...
  • Nestlé Brings Innovative Nitrogen Infused Coffee to the UK Nestlé is launching a brand new product for coffee fans in the UK and Ireland. Nescafé Azera Nitro is a coffee drink infused with nitrogen for a smoother taste. It will be available in Americano or Latte flavours. Nescafé Azera Nitro Americano is a refreshing and smooth black coffee infused with nitrogen. Nescafé Azera Nitro [...]...
  • ADM Realigns Business Segments to Further Accelerate Growth Archer Daniels Midland Company (ADM) has announced the realignment of its business segments across four units – Carbohydrate Solutions, Nutrition, Oilseeds and Origination. The new segments better reflect ADM’s operating structure and will enable the company to further highlight the differentiation of its product and service offerings and enhance its ability to respond to the [...]...
  • Highland Spring Selects Mainsaver CMMS Spidex has announced that Highland Spring, a leading supplier of natural source bottled spring water, has selected Mainsaver CMMS to support best-practice maintenance at its plant in Blackford, Perthshire. The new facility, part of a £50 million investment programme, officially opened in July 2017 and was designed to increase Highland Spring’s production capacity by 50 [...]...
  • Ornua Delivers Record Revenue Ornua, Ireland’s largest exporter of Irish dairy products which supplies to over 110 countries worldwide, has reported record revenue of €2.1 billion for the year ended 30 December 2017. It marks the first year of Ornua’s new five-year growth plan, ‘Ornua 2021’, which positions the business as a leading global dairy organisation that delivers results [...]...

Acquisition of Cumbrian Seafoods Approved

Acquisition of Cumbrian Seafoods Approved
March 29
09:37 2012

The UK Office of Fair Trading has cleared the acquisition of Cumbrian Seafoods by private equity company Lion Capital, which also owns Young’s Seafood, the UK’s leading chilled and frozen fish and seafood company. The OFT examined the implications of the deal, particularly with regard to whether it gave Young’s Seafood a dominant position in the smoked salmon market as well as greater market power in chilled seafood, but has decided not to refer it to the Competition Commission.

Lion Capital acquired Cumbrian Seafoods which is the UK’s leading independent seafood company, late last year from the administrator. Earlier this year, Young’s Seafood announced that, following a review of the operations of Cumbrian Seafoods and its subsidiary Border Laird, some 555 jobs were being cut from the business across its three sites in the UK – a state-of-the-art seafood processing plant at Seaham in County Durham, a smokery at Whitehaven in Cumbria and the Border Laird shellfish facility at Amble in Northumberland. According to Young’s Seafood, the fact that Cumbrian Seafoods went into administration indicated that its business model was not viable and major restructuring was required.


About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • March 21, 2018World Olive Oil Exhibition
  • March 28, 2018FOOD INDUSTRY
  • April 4, 2018The leading event for the snack and food-on-the-go market
  • April 5, 2018Slow food The forum for good taste
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here