Following the announcement of the acquisition of Cumbrian Seafoods by Lion Capital a few weeks ago, the company’s former employees are still in a precarious position in the run up to Christmas.
The takeover a few weeks ago saw Lion Capital acquiring all of Cumbrian’s customer contracts and equipment from the administrators. This also included the company’s subsidiary Border Laird.
But job security for Cumbrian’s more than 500 employees and present facilities following the acquisition was not known at the time and still remains unclear.
Pete Ward, Chief Operating Officer of Young’s Seafood Limited, said to World Fishing: “Future options, which could involve integrating and servicing of customer contracts by Young's Seafood Limited, will be explored over the coming weeks. Our teams are spending time at the Whitehaven, Seaham, and Border Laird, Amble sites talking to members of staff and suppliers. We want to learn from what has happened here in the past and work to understand how we can best take the customer contracts forward.”
Mr Ward added: “We're continuing to focus on driving growth in fish and seafood and on inspiring people to eat fish at least twice a week. We are working hard to achieve these goals and ensure our business continues to have a successful future for the long term.”
