PRFoods has performed a strategic acquisition in the UK. (Photo: stockfile/FIS)
Nordic group acquires two British salmon suppliers
(UNITED KINGDOM, 7/26/2017)
Estonia-based seafood processor PRFoods (PRF) has acquired two British fine food companies specialising in smoked salmon from their majority shareholders.
The total agreed sale price is GBP 13.16 million, of which 10.52 million is to be paid in cash and the rest as deferred payments.
The two acquired firms -- John Ross Jr, in Abredeen, and Coln Valley Smokery, in Costwold -- together make up the JRJ Group.
John Ross was founded in 1987 by Andrew Leigh and the company bought the Cotswold-based Coln Valley Smokery in 2009 to add to its product range and give it access to sporting events including Cheltenham, the Henley Royal Regatta and Wimbledon, which Coln had agreements with.
John Ross smoked salmon and its other food products are sold worldwide and some of the main customers of JRJ group's are Waitrose, Tesco and Sainsbury’s.
The sale gives the Leigh family an exit from their majority holding although next generation family members Vicky Leigh-Pearson and Chris Leigh will continue in senior roles and as shareholders of the group.
The sale to PRFoods provides the Group with an ideal route to leverage the strength of the John Ross and Coln Valley brands, to expand its product range and accelerate global sales.
PRFoods hit EUR 47.4 million in revenue last year.
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Information of the company:
Address:
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Pärnu mnt 141 (Delta Plaza, 14th floor)
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City:
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Tallinn
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State/ZIP:
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(11314 )
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Country:
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Estonia
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Phone:
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+372 452 1470
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E-Mail:
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[email protected]
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More about:
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