Managing director and founder of Oceanic Seafoods, Jim Welsh, has acquired a 100% stake in the business following a buy-out of 50% shareholder, Three Oceans.
Operating out of Lancaster in Lancashire, Oceanic Seafoods imports and exports wild frozen and sustainably sourced seafood, working with factories and vessels throughout the world with a focus on the North Atlantic, Pacific Ocean and Barents Sea.
Jim Welsh said it was an exciting time for the business. “This move to complete ownership will allow us to be more versatile, grow existing UK customer sales and develop our offering in international markets such as the Far East and US,” he said.
“Three Oceans has been a truly valued shareholder throughout the years and our partnership has been built on shared principles of trust, hard-work and a passion to supply the best quality seafoods in the industry,” he continued.
Jim Welsh founded the business in 2010 in partnership with Three Oceans, with both parties taking a 50% stake. Over the past 11 years, the business has grown internationally, establishing offices in Mar Del Plata, Argentina and China and exporting across Asia.
