Morrisons becomes first supermarket to own its own fishing boat after acquisition of Falfish
Bradford Supermarket has purchased the family-owned, sustainable Cornwall-based seafood wholesaler who has been a supplier of fresh fish and shellfish to Morrisons for over 16 years.
About 50% of Falfish’s roughly Â£ 40million turnover is made with Morrisons and the company also owns a 30ft trawler, the Jacqui A, which means Morrisons will become, in our opinion, the premier supermarket. British to own a fishing boat.
A spokesperson said: “For customers, the acquisition will mean further improvements in the range, quality and availability of fresh fish and shellfish at our Market Street counters and represents another significant investment in fresh food and food manufacturing when others are pulling off the counters. deal over 80 percent of Morrisons fish and shellfish – both in our 497 stores and in our online operations – will come from fruit operations. Morrisons wholly owned sea. ”
Falfish operates from two sites located at Redruth and Falmouth Docks on the South Cornish Coast and is owned by founder Ian Greet and his son Mark, Managing Director.
Mark Greet and all c. 140 colleagues from Falfish will join Morrisons. The company has long-term relationships with the owners and skippers of over 70 partner boats in the South West who land their total catch directly at Falfish. Falfish buyers also buy direct from the three main southwest fish markets of Newlyn, Plymouth and Brixham.
Andrew Thornber, Morrisons Manufacturing Manager, said: âFalfish is a perfect fit for Morrisons; Not only is it a great UK company that supplies high quality fish and shellfish, but it also shares our passion for sustainability and local sourcing.
âBringing Falfish to Morrisons further strengthens our position as Britain’s largest food manufacturer. Our manufacturing operations employ c. 9,000 people at 19 locations across Great Britain, providing approximately 25% of everything Morrisons sells. The acquisition of Falfish means that over 80% of our fish and shellfish will now come from our own operations.
Mark Greet, Managing Director of Falfish, said: âFalfish has been a Morrisons supplier since 2004 and over the years it has grown into a very strong partnership. For my father Ian and our family, as part of the Cornish community, this acquisition ensures Falfish’s continued ethic in sustaining our relationships and values, and reinforces it for our colleagues, for the southern fishing fleet. -west and for all our customers and stakeholders. This acquisition is great news for Falfish’s operations in Cornwall and for the community as a whole, bringing investment and access to many new opportunities.
Falfish processes a range of 56 wild and farmed frozen and fresh seafood sourced from UK waters and the South West Coast. Its range of fish includes turbot, sea bass, monkfish, Dover sole and hake and its range of crustaceans includes lobster, scallops, crab, cuttlefish and whelk. Falfish’s customers include Morrisons, British catering and significant exports to Europe and the Far East.
Squire Patton Boggs advised Morrisons in connection with the acquisition, with attorneys Hannah Kendrick and Louise Parker providing advice.