Young's Seafood looks set to expand Grimsby footprint as volumes grow
MAJOR INVESTMENT: Young's Seafood is understood to be expanding its footprint in Grimsby.
By Grimsby Telegraph | Posted: 30 May 2018
Grimsby's leading fish processor, Young’s Seafood, is understood to be expanding its town footprint, having reached an agreement to buy the dormant site neighbouring its Humberstone Road factory.
The fish processor has consolidated significantly into North East Lincolnshire in recent times, adding volume and product while closing facilities elsewhere in the UK,
Humberbusiness.com understands it now looks to have secured XPO Logistics’ prominent former vegetable processing and cold storage facility on Ladysmith Road, which – as well as increasing the town’s centre of manufacturing excellence as Young’s has labelled it – could also see access reconfigured to ease a local issue of goods vehicles getting to and from the neighbouring plant.
The UK’s number one seafood processor, it has recently announced it is creating 200 jobs in the town as it takes on the Marks and Spencer contract from closure-threatened Five Star Fish and looks to bring more salmon work down from Annan. Consultation on that move is coming to a close, and the result may dictate whether, and when, the deal completes.
It has just revealed year-on-year growth in revenues and earnings, with second quarter results, but there has been no comment from Ross House on the Ladysmith Road deal, coincidentally a road synonymous with its freezer aisle rival - Birds Eye, with Unilever operating a major site there for decades.
XPO Logistics closed the Grimsby plant a year ago, with the loss of 60 jobs, having launched a consultation in January 2017 on the back of the loss of a significant contract. It provided cold storage, added value processing, repackaging and distribution of frozen food, predominantly vegetables.
For years it was operated by Christian Salvesen, before being taken over by French-listed Norbert Dentressangle in 2007. In 2015, XPO announced a £2.3 billion buy-out of the entire business, including the Grimsby site, which is bordered by Young’s, Hardy’s Recreation Ground and Clee Fields.
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