Bigger fish to fry for Boparan
The Boparan Group has acquired one of the UK’s leading fish suppliers, Five Star Fish, in a deal that it says will secure jobs, while protecting the company’s future and ‘providing a stable backdrop for continued growth’.
The purchase comes in the wake of Boparan’s recent acquisition of fish and chip brand Harry Ramsden’s and, before that, the purchase of the Fishworks restaurant chain.
With customers including Morrisons and Iceland as well as a number of leading pub and restaurant chains, Five Star Fish has doubled annual turnover to around £65 million in the past three years and employs 330 people at its Grimsby base.
Despite operating profitably, the company was recently placed into administration due to problems at its parent, British Seafood Group. However, Borporan says
this new deal marks an end to any uncertainty surrounding the firm.
“We’re absolutely delighted to have bought this fantastic business, says new owner Ranjit Boparan. “It’s a brilliant, innovative company with a terrific team of people who have skillfully guided the business to its present heights and we’re going to do everything we can to help them continue to build and expand upon that success.
