Drew Cherry
October 23. 2006
After another spectacular year of mega-deals and major growth, the list of Top 25 European seafood companies is once again completely rearranged.
Driven by higher raw material prices and booming seafood demand, Europe’s seafood companies saw unprecedented growth, and became increasingly important players on the world’s food scene.
As the industry has grown and consolidated, so has the money generated by it. The Top 25 seafood companies in Europe now account for €9.3 billion ($11.6 billion) in sales, 12 percent more than last year, when they accounted for €8.3 billion ($9.8 billion) in turnover. The Top 10 alone is up over 27 percent from last year, with combined sales of €5.6 billion ($7 billion). Two years ago, Europe only boasted one billion-dollar company. By the end of 2006, there will be five.
Both 2005 and 2006 have been years of massive change in the industry. The biggest deals – from Pan Fish’s takeover of Marine Harvest and Fjord Seafood to Permira’s purchase of Unilever’s frozen fish brands – happened this year, meaning that we’re in store for an entirely new set of European seafood leaders next year.
This year IntraFish has improved its Top 25 European Seafood Companies report to include the first-ever pro-forma Top 10 ranking – which gives you a good idea who to watch in 2007.
The Top 25 European Seafood Companies list features a full ranking of European companies by 2005 sales figures, their comparative places on the list in the year prior, key company personnel, contact information and company details, and an overview of Europe’s biggest mergers and acquisitions in 2005-2006.
IntraFish’s Top 25 European Seafood Companies report is the only accurate ranking of the most important players in the seafood sector, and an essential business tool.
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