Youngs Seafood, Grimsby’s largest private employer, have been bought by another food company
The deal announced on 02 July confirmed that Youngs has been bought by Karo Food Group. Karro, owned by CapVest since March 2017, is known mainly as a pork processing company. Both companies supply the UK’s major supermarkets with own brand products, whilst Youngs also has a strong branded presence of its own on retail shelves.
A spokesperson said it would “continue to focus on providing great food to customers across pork and seafood”
Di Walker, the group’s chief executive officer, said: “Today’s agreement will provide both businesses with the opportunity to further develop and broaden our relationships with our key partners.”
The two companies will operate as separate businesses within the combined group, and will employ more than 5,000 staff in total, 2,000 of which are in Grimsby.