UK-based fishing and processing company Ocean Fish said it plans to invest in neighboring W Stevenson and Son once an acquisition deal goes through.
Ocean Fish, based in Cornwall, southwest England, unveiled its move to take a controlling stake in W Stevenson on Friday.
It follows heated speculation that the family businesses with a long standing working relationship may end up joining forces.
“It gives our business and their business a great opportunity to combine together and link both the catch and supply chain,” Ocean Fish Managing Director Leigh Genge told IntraFish.
