Exclusive talks to sell a Grimsby seafood firm have failed to reach a deal for a second time.
Iceland Seafood International had signed a letter of intent with an unnamed 鈥渞espected industry player,鈥 weeks after December鈥檚 first sale process began for its 海角视频 division. It will now 鈥渆valuate options,鈥 with almost 200 jobs thought to be at risk, should the plug be pulled.
Losses of 拢12 million have been racked up at the former Five Star Fish facility on Great Grimsby Business Park, having been taken on as Covid hit. Initial concerns emerged in the summer with reports it was taking longer to stabilise than anticipated, with the exact impact later revealed.
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A first sale fell through within a week of the interest being formalised, with the latest spanning three weeks from the initial December 30 announcement.
In a statement released to investors, the Reykjavik-headquartered company said: 鈥淣egotiations that were based on the letter of intent were not successful and have come to an end. The board and management of Iceland Seafood will now evaluate their options and will communicate on next steps in the process when appropriate.鈥
Iceland Seafood 海角视频 was the result of the amalgamation of an existing business in West Yorkshire with Grimsby鈥檚 Havelok Seafood at the 100,000 sq ft site, last operated by 2 Sisters in 2018. When it closed 350 jobs were lost.
A new management team had been brought in, with hopes it would prove attractive to another operator.
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