FDBusiness.com

Private equity firm Lion Capital, which owns Young’s Seafood, has expanded its UK fish and seafood interests with the acquisition of the customer contracts and equipment of Cumbrian Seafoods from the administrators. Cumbrian Seafoods is the UK’s leading independent seafood company, employing 500 people. It has a state-of-the-art plant at Seaham in County Durham (pictured), a smokery at Whitehaven in Cumbria and the Border Laird shellfish facility at Amble in Northumberland.

According to Lion Capital, future options for Cumbrian Seafoods, which could involve integration and servicing of customer contracts by Young’s Seafood, will be explored over the coming weeks. Leendert den Hollander, chief executive of Young’s Seafood, says: “This is the beginning of a process and the teams involved will work hard to understand the business and consider in detail how best to take the customer contracts forward. Our focus is on customers – on fulfilling their contracts – and consulting with new employees on possible options for the future.”