The family-owned supplier of smoked salmon to the Queen was sold to PR Foods in a multi-million-pound deal in July.
In a financial statement today, the Estonian food production company PR Foods wrote that in May 2018, the unaudited consolidated sales revenue of PRFoods increased by +86.0% y-o-y, by more than EUR 3.9 million due to the acquisition of new companies, reaching the level of EUR 8.4 million. Comparable sales revenue decreased by 9.6%, i.e. EUR 400 thousand.
The acquisition of John Ross Jr. Coln Valley and Trio Trading (Nordic fish and shellfish importer based in Finland) has increased the group’s sales by 4.2 million euros and “will further support of strategy of international growth and profitability” the company wrote.