Owner of Morubel and Ristic restructures organization

Published on
January 3, 2017

Shore, a Europe-based conglomerate of shrimp processors, has restructured its organization and named a new CFO.

Belgium-based Morubel, German firm Ristic, Dutch company Telson and Rainbow Export Processing in Costa Rica are all owned by Bencis Capital Partners and organized under the umbrella of Shore. According to a company press release unveiling the company’s new organizational structure, Morubel and Ristic will focus on European sales, with Morubel producing and packing all of Shore’s frozen seafood. Telson, which produces machine peeled North Sea shrimp, will process the entire chilled seafood range sold by Morubel and Ristic, which has been expanded to include organic and Aquaculture Stewardship Council-certified vannamei shrimp, organic black tiger prawns a sustainable seafood mix, and Marine Stewardship Council northern prawns. Rainbox Export Processing, which grows vannamei shrimp in Costa Rica, will target the organic market in the United States.

“With the new company structure set and a strengthened management team in place, Shore is ready to face an ambitious future,” Shore CEO Edo Abels said. “We are in an optimal position to serve our customers with the most sustainable and delicious chilled and frozen seafood.”

In its release, Shore also announced the hiring of Bart Verstichel as CFO of the company. Verstichel will report directly to Abels.

In addition, Alain Bockstaele, formerly of Marine Harvest and Icelandic Gadus, has joined the company as operations director; Henk Casteele has been hired as commercial director; and Ralph Sanders, formerly of Vichiunai Group and Morubel, has started as Shore’s quality assurance manager. All three will be based at Morubel’s headquarters in Oostende, Belgium.

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