Britain’s Hilton Food signs US deal with smoked salmon farmer By Reuters


© Reuters.

(Reuters) – British food packaging company Hilton Food agreed on Friday to buy smoked salmon producer Dutch Seafood Company for an enterprise value of 90 million euros ($ 101.60 million), entering in US markets and expanding into the protein category.

Dutch Seafood, based in the Netherlands, which operates under the name Foppen, has customers in its home market as well as in the United States.

London-based Hilton Food has also announced a £ 75million ($ 99.14million) fundraiser to partially fund the deal which is expected to boost profits in the first 12 months.

($ 1 = 0.7565 pounds)

($ 1 = € 0.8858)

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