German investment firm Sustainable & Invest is acquiring Germany-based canned seafood company Appel Feinkost from German food giant heristo AG, and will become its new owner on Jan. 1.

Sustainable & Invest will acquire the company's production facilities and the Appel brand along with 330 employees as part of the transaction.

"We firmly believe in the future of the Appel brand, the Cuxhaven location and the high quality of the products that we would like to further develop in the future," said Peter Memminger, founder and owner of Sustainable & Invest.