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


[ad_1]

© 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)

Warning: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. The prices may therefore not be exact and differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

[ad_2]

About Arla Lacy

Check Also

ALERIAN ENERGY INFRASTRUCTURE ETF REPORTS FOURTH QUARTER DISTRIBUTION OF $0.29618

DENVER, November 9, 2022 /PRNewswire/ — The Alerian Energy Infrastructure ETF (NYSE Arca: IN FR) …