Pescapuerta, which has a turnover of €95 million ($140 million) from its international fishing and processing activities, completed its acquisition in May for a majority stake in Spanish frozen seafood supplier Elmar Congelados y Derivados.
As a result of this acquisition, group sales will be close to €180 million a year, Commercial Director Jean Baptiste Chasin told IntraFish at the Conxemar seafood show in Vigo, Spain.
While 52 percent of Pescapuerta’s sales go to international markets, Elmar specializes in frozen seafood sales to the Spanish market.
“As
