Pacific Andes to use European plants to grow China business

When contacted in April by about the deal rumors, Ng said Asia was the primary focus for investments by the group.

This direction hasn’t changed, he told IntraFish Thursday, even after the announcement Pacific Andes is to acquire a 19 percent stake in Pickenpack Hussmann & Hahn Seafood and Pickenpack Gelmer, as well as Icelandic’s former sales office in Paris.

“Our focus will always be on China. More that 50 percent of our revenue is from China and this is a fast-growing market,” he told IntraFish.