Norwegian producer of pelagic fish products for human consumption, Pelagia, has acquired 100% of the shares in Cornwall-based Ideal Foods Limited and its subsidiaries.
Ideal Foods, a family-run business headquartered in Cornwall, UK, is known for specialising in the supply of fish (including salmon), shellfish, and co-products to global markets
Its subsidiary Ideal Nutritional Foods, is a dedicated B2B supplier of fish products for several leading baby food producers.
The company also runs Channel to China, an export service, helping British food and beverage brands to export and sell their products in China.
With an office in China and staff that speak fluent Mandarin, Channel to China is able to source suppliers of specific British products for Chinese buyers.
Tony Horner, who has extensive experience in the seafood industry, leads Ideal Foods, supported by Jeanette Turpin as Sales Director and Lauren Horner as Technical Director. The company boasts a team of 20 experienced staff members who manage comprehensive sales and export services, catering to a diverse range of clients from local fishmongers to international blue-chip manufacturers and processors.
Ideal Foods reported total profits of £2.2 million on revenue of £22 million for the year ended February 2023.
Pelagia, owned jointly by Norwegian groups Austevoll Seafood and Kvefi, reported EBITDA of NOK 1.7 billion ($170 million) for 2023.
The acquisition aims to maintain the existing management and team at Ideal Foods, ensuring continuity of service, according to a press release from the Norwegian company. Pelagia plans to develop synergies with Ideal Foods, enhancing its global supply chain and market presence while continuing the ethos of utilizing seafood co-products innovatively.
Pelagia operates production facilities in Norway, the UK, Ireland, and Denmark, sourcing its raw materials exclusively from third parties.
