Nippon Suisan Kaisha (Nissui)-owned UK processor and trader Flatfish turned a loss into profit and more than doubled revenue in 2020, as it took full advantage of the financial muscle of its new parent company.
Japanese seafood giant Nissui acquired a 75 percent stake in Flatfish for an undisclosed amount in May 2019, promising at the time that it would invest and grow the business.
“Following the acquisition … the company has continued to develop its tier-one retail relationships throughout 2020 and, where possible due to COVID-19 restrictions, its new product development,” said founder and Chief Executive Steve Stansfield in the company's latest financial report.
