Brodies advised Seafood Connection on this transaction as its first acquisition in the UK. Brodies worked closely with the Seafood Connection team in the Netherlands, as well as the deal's corporate finance advisors AAB, to deliver the transaction.
Brodies were appointed to provide city grade advice to this globally active client. It was a strategic acquisition, and its first in the UK.
Seafood Connection is a leading supplier of frozen seafood products. Each year, the company trades over 70,000 metric tons of frozen fish products through its network of retail, food service, wholesale and industrial customers. Since 2013, the company has been part of the Japanese multinational Maruha Nichiro, the world's largest fish company.
- With Northcoast's innovative and sustainable products, the deal fits in perfectly with Seafood Connection’s vision.
- Working hand in hand with the client team based in the Netherlands and Japan to successfully deliver the deal.
The collaboration with the team at Brodies could not have been better. Lead lawyers Eric Galbraith and Duncan Cathie coordinated a team of experts from across Brodies to ensure our transaction was delivered efficiently and to the highest standard. T. Nakazawa (COO) and L. Brouwer (CFO), Seafood Connection
The acquisition will enable significant growth in the UK market for Northcoast, with both companies now complementing each other in their respective markets.
The acquisition will also allow Seafood Connection to be present through locally knowledgeable companies and people in all of Europe’s largest seafood markets.