Yahoo Finance Morrisons snaps up Cornish seafood wholesaler Falfish
Supermarket giant Morrisons has bought Falfish, a family-owned wholesaler of sustainably sourced seafood.
The FTSE 100 grocer said it has bought the Cornwall-based firm that has been a trusted supplier of high quality fresh fish and shellfish to Morrisons for over 16 years.
No purchase price was given, but approximately 50% of Falfish’s £40 million turnover is with Morrisons.
The chain added that following the deal, over 80% of its fish and shellfish - both in its 497 stores and online business - will come from Morrisons wholly owned seafood operations.
Falfish’s managing director Mark Greet and all the group’s employees, around 140 people, will join Morrisons.
Falfish has a 30ft trawler, the Jacqui A, which means that Morrisons will, it believes, become the first British supermarket ever to own a fishing boat.
Andrew Thornber, Morrisons’ manufacturing director, said: “Falfish is a great fit with Morrisons, not only is it a great British company supplying high quality fish and shellfish, but they also share our passion for sustainability and for local sourcing.”
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