Young's May go Public with a Stock Listing, hints Findus at Norway Seafood Meeting
SEAFOODNEWS.COM [ Grimsby Telegraph] By David Laister March 04, 2015
FINDUS Group chief executive James Hill has hinted that Grimsby's Young's Seafood could be listed on the stock market, while addressing 700 industry leaders in Norway.
Mr Hill, part of the global seafood industry captains round of speakers at North Atlantic Seafood Forum, said: "There is an option to take this company public, or join forces with other areas of the food industry," as he reflected on the progress under his watch.
"It is a great industry to be in. We are producing something people like to buy and eat and is going to grow."
Young's already has between one third and a quarter of the supermarket-distributed seafood market, with 150,000 tonnes a year.
"We have scale, more than one billion pounds of turnover and a decent level of profitability, with 70 per cent of the business seafood...
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