Britain’s Thistle Seafoods buys Dawnfresh assets from administration
UK-based Thistle Seafoods bought an asset from Dawnfresh Seafoods out of administration.
The deal, for an undisclosed amount, provides for the takeover of the 100,000 square foot Dawnfresh fish processing plant in Uddingston, Scotland, in an operating sale by Peterhead-based Thistle , also in Scotland. The site’s 40 employees will transfer to Thistle.
The industrial unit includes processing, warehousing, administrative and cold storage facilities as well as a range of plant and equipment. Thistle said it plans to “develop the Uddingston site into an advanced value-added seafood processing and distribution center with easy access to retail and wholesale customers and markets in the UK, the EU and beyond”.
Dawnfresh, a supplier of 10,000 tonnes of seafood a year to national and international retail and restaurant chains, and owner of brands including Silver Tide, Loch Etive and RR Spink & Sons, came into operation in February. Five months earlier he revealed he planned to close the Uddingston factory this year, but was expanding his factory in another Scottish town, Arbroath.
After its bankruptcy, its administrator, FRP Advisory, sold the Arbroath facility to another local counterpart, Lossie Seafoods, in a deal that saved 249 jobs.
Another part of the business, Dawnfresh Farming Limited, which operates seven fish farms in Northern Ireland and Scotland, continues to trade solvently and will be officially marketed by FRP in the coming months.
Commenting on the recently announced agreement, Ryan Scatterty, Managing Director of Thistle Seafoods, said: “The acquisition of the Uddingston facility is an ideal fit for our business as it will provide us with a strategic center for processing, storage and distribution with easy access. to major transportation networks to better serve our domestic customers.
“It will also allow us to further expand our product offering and capitalize on our fast-growing export markets.”