Major new European seafood group

CapVest acquired Young’s Bluecrest in 2002 and Findus in 2006. Until now, they have operated as separate sister companies, but from the end of January they will come together under a new, unifying structure - The Foodvest Group.

The Group will have a turnover of £1.1 billion and be one of the largest frozen food and seafood companies in Europe. The company already has a leading position in the British frozen and chilled seafood market, and in the frozen food market (including seafood) in France, Norway, Sweden and Finland. It also has fast-growing business in Denmark and Eastern Europe

The Dane, Per Harkjaer, will become Group CEO. He said:  “It is my ambition that Foodvest will become the most successful food company in Europe - as measured by growth, customer satisfaction and product quality.”

The UK business will be reshaped into two separate businesses. Young’s Seafood will operate as a branded business, concentrating primarily on continued brand development in frozen and chilled seafood. The new separate business, The Seafood Company, will focus on the development of chilled seafood products for retailer own label.