Sealord Sells Caistor

Sealord Sells Caistor

Sealord Group Ltd has made the decision to sell its British based Sealord Caistor processing business to a wholly owned subsidiary of Nippon Suisan Kaisha, Ltd (Nissui), which owns half of Sealord. This will be effective from the 1st of April 2017. The business will be renamed Caistor Seafoods Ltd

“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 says.

Mr Yung comments 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. 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,” Mr Yung says.

It will be “business as usual” with the change of ownership, says Sealord Caistor Chief Executive Adrian Crookes.

“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,” Mr Crookes says.

The Sealord Group has valued its long-term relationship through Sealord Caistor with Waitrose, Mr Yung says.

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