Seafood Caistor facilities in the United Kingdom. (Photo: Sealord Caistor)

Sealord sells British processing plant to Nissui

Sealord Group Ltd has decided to sell its British based Sealord Caistor processing business to Nippon Suisan (Europe), B.V., a wholly owned subsidiary ofJapanese conglomerate Nippon Suisan Kaisha, Ltd (Nissui), which owns half of Sealord.

The acquisition of the new business, which will be renamed Caistor Seafoods Ltd, will be effective from April 1, 2017.

“All businesses need to have a clear focus and prioritise, along with continually reviewing their operations. The strategic decision to sell our interests in Sealord Caistor enables us to continue to be focused on operational performance and our vision to be the best deep sea fishing business in New Zealand with a significant salmon farming operation in Australia,” Sealord CEO Steve Yung pointed out.

The entrepreneur also stressed that Sealord Caistor has been a valuable contributor to the Sealord Group over many years.

“We believe the Caistor business is strong, with good long term prospects and a solid relationship with its cornerstone customer, the Waitrose supermarket chain,” he stated.

The CEO explained that being aligned with a company that has similar ambitions in the European seafood processing space will help the business achieve its full potential.

“We have a great team at Caistor and Grimsby in Britain who have made a valued contribution to our business over many years,” Yung said.

For his part, Sealord Caistor Chief Executive Adrian Crookes ensured it will be “business as usual” with the change of ownership.

“There will be no change to our focus of servicing Waitrose with great quality seafood and Waitrose has given its full support to Nissui’s 100 per cent investment,” Crookes said.

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