Errigal Seafood Consolidates Leadership Position

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Errigal Seafood Consolidates Leadership Position

Errigal Seafood Consolidates Leadership Position
September 02
08:58 2013
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Errigal Seafood has strengthened its position as Ireland’s largest seafood processor with the acquisition of Kilmore Fish Co, also known as CKI, based in Kilmore Quay, County Wexford. The two companies have collaborated closely in recent years, and the new merged entity will combine over 80 years’ experience in seafood processing and export operations.

The newly-combined enterprise employs over 200 employees at its two sites in Donegal and Wexford with a combined turnover in excess of Eur34 million. In Wexford, the new company will trade as Kilmore Seafood.

Kilmore and Errigal both specialise in fresh and frozen shellfish for the European, US and Asian markets, and have complementary product portfolios.

Kilmore Seafood and Errigal Seafood intend to strengthen and develop well-established relationships with current suppliers and customers. The combination will allow the merged operation to offer a broader product range to its customers, improved production and logistical capabilities, and world-class quality assurance systems, all considered critical in international fresh food markets. Currently both companies supply fresh and frozen seafood products across Europe, the United States and Korea, and future plans include expansion into other Far Eastern markets.

Liam Young , chairman of Errigal Seafood, says: “I am delighted that we have found a way to combine the energy and talent which exists in both companies, and look forward to working and building a strong business with the Kilmore Seafood team. Ireland’s seafood industry has long recognised the need for closer co-operation and consolidation among industry players, which is essential to creating stronger companies capable of competing successfully in international markets. Errigal Seafood and Kilmore Seafood intend to be at the forefront of developments that achieve this aim.”

The new combination of companies will involve some streamlining of activities, but will not involve any job losses, and Kilmore’s existing management team, led by Mairead Roche, will continue to grow and develop the company’s business as part of the new group structure.

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