Icelandic company buys major UK fish supplier
Samherji expects to strengthen its position in UK's cod and haddock market through this acquisition. The company has not released further details regarding the transaction.
Collins has an annual turnover of £60 million and has sold more than 10,000 tonnes of fish.
The company is headquartered in Newton Aycliffe, Duram, south of Newcastle in England, and also has a Leeds distribution center. It sells and distributes frozen seafood in central and northern England to a large number of customers who are mainly fish and chips restaurants.
Collins Seafood was founded 35 years ago by Richard Collins, who will continue to be the managing director at the company, according to Samherji's release.
The company will continue to source its seafood from countries such as Norway, Iceland, Russia and the Faroe Islands.
"Seagold, which is our main sales company in England, has been selling and marketing our products in the UK market for 21 years and will continue to work closely with Collins Seafood for these projects," Samherji's press release read.
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