FDBusiness.com

Stake in Seafood Holdings For Sale

 Breaking News
  • Arla Foods Delivers Turn-around After Tough Start to 2018 After a difficult first quarter, Arla Foods came out of 2018 with improved sales and brand share as the international dairy co-operative’s performance grew stronger throughout the year. The transformation programme Calcium delivered cost-savings far beyond targets for the year and thanks to a historically strong balance sheet the board of directors has proposed to [...]...
  • British Gin Boosted by Exports The latest figures from HM Revenue and Customs show that British gin sales abroad, in 2018, were worth £612 million – up 15% on the previous year. In 2016 export sales of the juniper-based spirit broke the half a billion-pound mark for the first time and since then the popularity of British gin has seen [...]...
  • Operating Profit Declines at PepsiCo Announces $2.5 Billion Restructuring Programme PepsiCo has reported a 2% increase in net net revenue to $64.66 billion and a 2% drop in operating profit to $10.11 billion for 2018. However, organic revenue, which excludes the impacts of foreign exchange translation, acquisitions, divestitures, structural and other changes, grew 4% and and core constant currency operating profit increased 2%. Commodity mark-to-market net [...]...
  • Kerry Group Benefits From Unique Business Model Kerry Group, the global taste, nutrition and consumer foods business, has reported a 3.1% increase in revenue to €6.6 billion for the year ended 31 December 2018, reflecting strong volume growth and contribution from acquisitions, partially offset by adverse currency movements. Business volumes grew by 3.5% and pricing decreased by 0.5% against a backdrop of [...]...
  • Premier Foods Discontinues Ambrosia Sale Process Premier Foods has decided not to proceed with the potential disposal of its Ambrosia brand. A number of parties expressed interest in the business, and since the New Year Premier Foods has been engaged in detailed discussions with a small group of potential buyers. However, the Premier borad has concluded that in the present business [...]...

Stake in Seafood Holdings For Sale

Stake in Seafood Holdings For Sale
September 20
13:13 2010

Private equity firm Risk Capital Partners is reported to be looking to sell its 24% stake in Seafood Holdings, a supplier of seafood to the UK food service sector. In the year ended January 2010, Seafood Holdings increased EBITDA by 15% to £5.8m on turnover down 5.8% to £83.4m.

The group is currently focusing on developing its profitable activities and closed its Grimsby-based Scotprime Seafoods operation in November 2009. Seafood Holdings recently won a £5m contract to supply Hilton Hotels.

Seafood Holdings is controlled by its chief executive and founder, Toby Baxendale, who owns a majority stake in the company. Risk Capital Partners was founded in 2001 by Luke Johnson and Ben Redmond, and looks to invest £3m to £15m of equity in established, profitable companies based in the UK. Risk Capital Partners took its stake in Seafood Holding in 2006, helping it to pursue an acquisition strategy to establish a national distribution capability.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements