Seafood Processing and Distribution Company

Established in 2002, this family-operated enterprise has grown into one of Europe’s leading producers and distributors of salt cod. With extensive industrial facilities located in Aveiro—an important hub for the nation’s fishing and seafood industry—the company offers a wide product range, including whole, cut, and frozen cod.

In May 2020, a state-of-the-art facility was launched, dedicated to soaked and deep-frozen salt cod—a segment that has experienced exceptional growth in recent years. The business operates under four well-established brands, each recognized for its consistent quality, ensured through rigorous quality control standards.

Certified by the Marine Stewardship Council (MSC), the company is committed to sustainable sourcing. It also maintains a strategic partnership with one of Norway’s largest cod suppliers, strengthening both product quality and gross margins.

Following 2020, the company delivered robust growth, surpassing pre-pandemic levels with a 16.7% CAGR in sales between 2020 and 2022. In 2022, revenues exceeded $150 million, positioning the company as the second-largest cod processor in the domestic market.

Key Investment Highlights
• Established expertise: Over 20 years of operations in cod processing and distribution.
• Market position: Second-largest player in the country’s cod industry by revenue.
• Recognized brands: Four strong, reputable brands with consistent consumer trust.
• Sustainability: MSC certification underpins responsible and sustainable sourcing.
• Growth trajectory: Sales CAGR of 16.7% (2020–2022), outperforming pre-pandemic volumes.
• Strategic partnerships: Long-term supply agreement with a major Norwegian cod producer.
• Financial strength: Over $160M in revenues and robust historical cash flow, ideal for leveraged buyout (LBO) structures.
• Export reach: Well-diversified sales across domestic and international markets.

Proposed Transaction
The owner is seeking to divest a majority stake in the company, either partially or in full. Current management is open to participating in the transaction via a management company backed by the existing owner.

Additionally, there is an opportunity to acquire the real estate assets of the industrial facilities, covering approximately 42,000 m² (45,200 sq ft).

This transaction presents a rare opportunity to acquire a market leader with proven growth, strong brands, and secure supply partnerships, well-positioned for further expansion in the global seafood sector.