The buy-out of a Grimsby seafood factory has completed.
Long-standing Danish operator Esperson has acquired Iceland Seafood UK, with the Copenhagen-headquartered firm fulfilling its strategic ambition of securing a British foothold. The company’s largest market is with UK retailers, and having previously relied solely on imports from its European operations, the team is looking forward to processing closer to the consumer.
Now it will set to work on turning round the fortunes of the loss-making Grimsby site, where between 150 and 180 people are employed. Agreement on the sale was reached almost a month ago, with Espersen having pulled out of an initial swoop late last year – one of two then unnamed buyers interested after parent company Iceland Seafood International announced its intention to exit the UK market.