Seafood Holdings announces expansion Published: 14 February, 2007
SEAFOOD Holdings Ltd has extended its distribution capability with the purchase of two of the UKs most highly regarded seafood businesses in the north west of England.
Seafood Holdings (which controls Direct Seafoods Ltd and Scotprime Seafoods, Grimsby) has acquired Manchester-based AW Levings Ltd and Fleetwoods C&G Neve Ltd.
Additionally, the company has opened a new Direct Seafoods supply depot in Brixham, Devon to ensure a presence in the south-west.
The latest acquisitions and new depot will add to the companys extensive existing portfolio of operations covering Colchester, London, Milford Haven and Grimsby.
Founder and CEO Toby Baxendale said: We are delighted to announce our new partnerships with Neves and Levings. Both businesses are exceptionally well run and well respected and we are keen to retain the teams who have built up the businesses and who have the trust of their local customers. Their coming on board gives us a comprehensive UK reach and an opportunity to offer a truly national service.
The new businesses will form part of the Direct Seafoods brand portfolio but will run under their existing business names for the immediate future.
Seafood Holdings businesses mainly target prestige foodservice clients at hotels, restaurants and airlines. The company is well known for its bespoke service and for offering an informed and intelligent approach to the complexities of fresh fish supply.
Luke Johnson of private equity firm Risk Capital Partners holds a 24 percent stake in Seafood Holdings while founder, Toby Baxendale, holds the remainder of the firm. Luke Johnson is best known for his involvement with Caprice Holdings and for his role as non-executive Chairman of Channel 4.