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| 05/03/2009 |
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| Pinneys of Scotland |
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Foodvest can confirm that it has today reached agreement to acquire Pinneys of Scotland from Uniq Plc subject to employee consultation.
Founded in 1976, Pinneys supplies premium quality smoked and fresh salmon as well as other seafood products and has an annual turnover of around £50m. It is the largest employer in Annan in Scotland and holds the Royal Warrant to supply smoked salmon to the Queen of England.
The Pinneys business will become part of The Seafood Company run by managing director, Pete Ward, and his team based in Grimsby. The intention is that the Pinneys management team will continue in the business and that its 515 employees will be transferred to Foodvest.
Pinneys is a first-class operation and a superb strategic fit with The Seafood Company’s existing business. Through this acquisition The Seafood Company will further strengthen and extend its leadership position in the chilled seafood sector in the UK.
It is anticipated that the acquisition will be completed during March 2009.
Media enquiries regarding The Seafood Company to Lesley Alexander, Smarts t. 0141 222 2040 m. 07968 525783. |
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