Polish salmon smoker sold to Indian seafood supplier
Captain Fresh, a leading Indian seafood supply chain company, has announced that it is set to acquire Polish smoked salmon producer Koral, subject to regulatory approval.
The Indian company has signed an agreement with private equity investor Abris Capital Partners, and Koral’s founder, Boguslaw Kowalski.
Koral, which employs 450 people, manufactures smoked salmon products that are sold across domestic and international markets under the SuperFish brand. Its product range includes various types of fish, including hot smoked salmon, cold smoked salmon, and fresh salmon in MAP/VAC/SKIN packaging.
The company has 26 production lines, processing 120 tons of fish daily in its 22,000m² factory in Kukinia. The acquisition marks Captain Fresh’s entry into the salmon market.
30+ countries
Captain Fresh was founded in 2020 and offers a diverse product range, encompassing over 100 varieties of fish and seafood, with a presence in more than 30 countries.
“We are pleased to welcome Koral to the Captain Fresh group. This acquisition is a strategic milestone in our mission to become the leading tech-enabled multi-species, multi-origin global seafood conglomerate,” chief executive Utham Gowda said in a press release.
“The European market is one of the most exciting VAP (value-added product) opportunities in seafood globally. Koral augments our earlier acquisition of France-based Senecrus, adding marquee Polish and German retailer brands to our portfolio of offerings. Koral’s ‘smoked’ format capability complements Senecrus’ ‘cooking’ format capability.
“We are also thrilled to mark our foray into the salmon value chain, which is one of the largest segments within the seafood industry. With seasoned leaders Boguslaw Kowalski and Justyna Frankowska leading our global salmon strategy, we are gearing up for the next phase of growth.”
Frankowska, currently a member of the Koral management board, will become the company’s chief executive once the acquisition is completed.
