UK prawn processor Lyons Seafood has a new owner, after its parent company was taken over by French co-operative Lur Berri in a EUR 285 million deal.
Lur Berri has upped its stake in Lyons’ parent, Labeyrie Fine Foods — formerly known as Alfesca — from 49.9 percent to 62.9 percent, with private-equity firm LBO France taking a 33.3 percent stake. The remaining 3.8 percent is held by the group’s management.
