On March 24, 2020, UK seafood processor Sykes Seafood (“Sykes”) acquired Klaas Puul (“Klaas Puul” or the “Company”), the shrimp processing activities of Dutch Seafood Company (“DSC”) which is majority controlled by H2 Equity Partners (“H2”). Klaas Puul will add extensive experience in the processing of different shrimp species which complements Sykes’ current operations. By unlocking the envisaged synergies and further investing in both companies’ sourcing and processing capabilities, a pan-European shrimp business is created.
The management teams of Klaas Puul and Sykes fundamentally believe this acquisition will support the business going forward as each company has its expertise and best practice to be shared. The infrastructure provided and ongoing investments will support Klaas Puul’s operations within the newly created platform, to the benefit of its clients.