German seafood supplier Product Trade Center Germany (PTC) is planning to almost double its turnover in the current financial year, Heiner Geurden, management executive at the firm, told IntraFish.

The company recently completed a refinancing round with NRW.BANK, Lampe Mezzanine Fonds and S-UBG AG, which pledged to invest a total of €12 million ($12.8 million) of mezzanine capital.

Since its inception in 2009, PTC has developed rapidly and is now one of the leading suppliers of deep-frozen fish and seafood products in Germany, with an annual turnover of more than €131 million ($139.7