Sykes Seafood splashes out on latest acquisition
Register for free to receive latest news stories direct to your inboxRegister
Sykes Seafood, the shrimp supplier based in Knutsford, has agreed to acquire Telford-based Ruskim Seafoods, creating a $500m pan-European business.
The combined businesses will operate five manufacturing sites across the UK, Europe, and Morocco as well as 10 distribution centres, employing almost 4,000 people.
The acquisition builds on Sykes’ purchase of Klaas Puul, the Dutch shrimp business, in March 2020, as the group looks to add more than £100m to its annual turnover.
Alan Dale, group chief executive at Sykes Seafood, said: “Ruskim is a business we have long admired, and Bill and his family have built a fantastic business over the last 40 years.
“The Sykes Seafood and Klaas Puul team very much look forward to working with Ruskim’s customers, suppliers, and colleagues to continue to build on the foundations that have been laid by the Mooney family over the last four decades.”
Bill Mooney, managing director of Ruskim Seafood, added: “Over the past 40 years, we have established Ruskim as a major importer and distributor of Seafood, with trading partners throughout the world.
“We are now excited to be joining Alan and his colleagues at Sykes which will enable Ruskim to improve and expand its operations by utilising the processing plants operated by Sykes and Klaas Puul and to share their extensive network of suppliers.”