Icelandic Group to Sell Seachill
The board of Icelandic Group, the leading international seafood business, has decided to initiate a sale process for its UK operations, Seachill. Seachill is a leading supplier of chilled fish to the UK retail market. The company has a strong position in its category, offering a total solution to its customers.
Founded in 1998, the business has grown to be one of the largest chilled fish processors in the UK, with well-invested facilities and an established supply chain. Sustainability is critical for Seachill and the company works exclusively with suppliers with access to MSC-certified seafood or those participating in a fisheries improvement programme.
Seachill is also the owner of The Saucy Fish Co, which has helped to revolutionise consumer perceptions of fish in the UK and has a fast growing reputation globally. In 2017, The Saucy Fish Co entered the frozen retail category and aims to modernize and bring relevance to consumers in the same way it has elsewhere. Seachill´s revenues totalled £266.3 million in 2016, with EBITDA of £10.4 million. The company employs 750 people.
Established in 1942 and headquartered in Reykjavik, Icelandic Group owns the global seafood brand Icelandic Seafood. The group’s primary partners are Solo Seafood of Spain and Canada-based Highliner Foods.
Islandsbanki and UK based Oghma Partners have been mandated to manage the sale of all shares in Seachill. Parties interested in participating in the process are invited to contact Tim Owen at tim.owen@oghmapartners.com.
