Online Seafood Firm Captain Fresh Acquires US-Based Distributor
February 29, 2024 | 1 min to read
Online seafood firm Captain Fresh has acquired CenSea Inc, a US-based frozen fish and seafood importer and distributor, the former’s founder and chief executive Utham Gowda told ET.
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Gowda did not disclose the deal value, but said that his firm was fully acquiring CenSea in a cash-and-stock deal, with 90% of the consideration paid in cash. CenSea, which has a pan-US presence, will become the “mainstay” of Captain Fresh’s US business, he added.
“On the supply side, India and South east Asia form a substantial part of CenSea’s mix with multi-decade relationships with more than 100 factory partners in these supply markets… on the demand side we are excited about the potential to cross-sell to their existing customers,” Gowda said.
To read the rest of the story, please go to: Economic Times