Ireland: Seafood processing firm Oceanpath acquires Dunn’s – Fishupdate.com
Ireland: Seafood processing firm Oceanpath acquires Dunn’s Published: 06 February, 2006
OCEANPATH, one of Ireland’s leading seafood processing firms, today announced the purchase for an undisclosed consideration of Dunn’s Seafare Ltd – the fifth generation family owned fish business, originally established in Dublin’s Moore Street in 1822. Dunn’s 30 staff will transfer to the Oceanpath business and the expanded firm, which will employ a total workforce of 70 , will focus on producing new and innovative seafood products for customers in Ireland and target new export opportunities in Germany, France and the UK.Oceanpath’s annual turnover is in the region of €10m and is expected to double to €20m by 2007 as the company’s acquisition of Dunn’s provides a springboard to target new export sales opportunities in the international seafood export market. Peter Dunn will continue to work with the new company for the foreseeable future. Commenting on the announcement, Ken Ecock, director of Oceanpath said: “The acquisition of Dunn’s will see the new company focussing heavily on high-end added value seafood products with particular emphasis on organic produce. Oceanpath’s purchase of Dunn’s Seafare, and its widely known brand “Dunns of Dublin” strengthens our standing as a market leader in the seafood market at home, and in the near future, abroad. The coming together of these two family companies underlines our commitment to continue providing top quality seafood to consumers for whose tastes we will cater through an increasingly diverse range of value-added seafood products.” Oceanpath currently supplies fresh seafood to Superquinn stores countrywide. In addition to processing a wide range of more traditional seafood like cod, haddock and salmon, it also supplies a selection of exotic seafood and shellfish. Founded in 1991, Oceanpath is now one of the largest processors of fresh seafood in Ireland and operates from premises in Howth, Co. Dublin. The company invested over €3m in 2002 building a state-of-the-art production facility.
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