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Falkland Islands-based Fortuna buys UK firm Ocean Fish
Yahoo Finance· 2025-11-28 14:10
Group 1 - Fortuna has acquired Ocean Fish Group, marking its entry into the UK fishing sector, with undisclosed financial terms [1] - The acquisition is expected to enhance Fortuna's strengths, diversify its business, and create synergies between the two companies [2] - Ocean Fish aims to expand its operations and strengthen its UK presence through this acquisition, gaining access to new products and global markets [3] Group 2 - Ocean Fish, previously majority-owned by the Lakeman family, has grown through acquisitions and joint ventures, with Leigh Genge remaining as CEO and minority shareholder [4] - Genge emphasized the alignment between the two firms and the potential for increased turnover, targeting £100 million by 2030, supported by a stronger supply chain [5] - A report highlighted concerns over the sustainability of UK fish stocks, with many being critically low or overexploited, indicating a challenging environment for the fishing industry [6]