Nor-Sea Foods natural mackerel fillets. (Photo Credit: Nor-Sea Foods)
UNITED KINGDOMMonday, June 22, 2015, 02:10 (GMT + 9)
Family-owned firms International Fish Canners Ltd (IFC) and Nor-Sea Foods, based in Scotland, intend to expand their business by upgrading their facilities, improving their chilled product storage and enlarging their dispatch area.
The two businesses, belonging to the Clark family, are to develop the next phase of their growth after being granted a GBP 12.5 million finance package from the bank HSBC.
“We are an ambitious business, looking to grow whilst maintaining the highest industry standards. An important part of our strategy is to have the right finance partner who appreciates our international presence and can help us grow, and HSBC is able to do that,” said the Director of IFC and North-Sea Foods, Francis Clark, referring to the planned investments.
“International Fish Canners and Nor-Sea recognise the importance of maintaining public investment in their business. They are beacons for Scottish business with products that are seen and eaten around the world. I look forward to working with these businesses as they continue their growth,” stated John Caldwell, HSBC’s Relationship Director, Corporate Banking, Aberdeen.
IFC is the only fish cannery in the UK and Nor-Sea which specialises in smoked fish. Both produce for 40 brand names in 17 countries in addition to the catering sector, plus it continues to develop successful own brand products.
The group processes in the region of 18,000 tonnes of pelagic fish per year, most of this being mackerel form the Atlantic Ocean, but also herring and sardines.