Spain based frozen fish supplier Lumar Seafood International has had a capital boost of EUR 1.5 million (USD 2.1 million) from its sole shareholder, the Luxembourg company Kimi SARL.
With the funds, the company has the necessary financial structure to “deal with the expansion stage in international markets reached with the new range of healthy menus.”
Since launching in 2013, Lumar has increased the commercialization of its products and sales by 137 percent over the third quarter of 2013, the first full period. In the first quarter of 2014, the commercialization grew by 51.95 percent, while revenue rose 52.16 percent over the previous period. Exports increased by 50 percent.
Recently, the company presented at the Seafood Expo North America 2014 in Boston and at the Seafood Expo Global 2014 in Brussels the new range of items that aim to strengthen its penetration in the American and European market. The products are made with tuna, salmon or cod with various sauces and rice, pasta or vegetables.
