The business idea of Bröderna Hanssons is to produce, process and market fresh fish and seafood products close to the end user with a focus on quality, flexibility and service. Today, Bröderna Hanssons market segments are Supermarkets, Foodservice wholesalers, Grocery retail chains and Export. Through the development of products, services, training and simple concepts, Bröderna Hanssons works for a positive development of the fish industry in general and the consumption of fresh fish and fresh seafood in particular.
From 2010 until today, Bröderna Hanssons has more than doubled its turnover and today the company has a turnover of over EUR 43 million. During these years, the company has had a strong focus on growth and has actively been targeting the major supermarket chains, where the company today is a major and important supplier. The company is located in the fish harbour in Gothenburg and has around 60 employees.
The buyer, Chinese Huitai Investment Group Co., Ltd. is a Chinese listed company active across various industries, including aquaculture, crude salt production, marine logistics, real estate and others. Huitai has over 3,000 employees and an annual turnover exceeding EUR 200 million. The acquisition of Bröderna Hanssons is Huitai's first investment outside China.
With the acquisition of Bröderna Hanssons, Huitai gained market access to Europe for its seafood business. Furthermore, Huitai plans to leverage Bröderna Hanssons's suppliers network and introduce its products in the Chinese market.
Håkan Wing, CEO of Bröderna Hanssons said
"This is something very positive for Bröderna Hanssons and the fish harbour. Huitai wants to scale up our business and, among other things, export to China. They want to secure the raw material to China, and it is very much about finding the right supplier for the right goods. This will also mean that we will employ more staff going forward."
Andreas Anderberg, Partner at IMAP Sweden commented
-"Bröderna Hanssons is one of the oldest and most well-known companies in their industry in Sweden. We are very pleased that we have been able to secure a new long-term owner for the company that will guarantee that the company can continue to be successful in the Swedish market. We also believe that Huitai can open up new sales channels and growth opportunities also on the international market."
IMAP advised the sellers throughout the process.
Over 90 delegates from IMAP member firms representing 32 countries congregated in Miami on October 25th - 27th for IMAP’s 2018 Fall conference. The conference was hosted by Falls River Group, IMAP’s partner firm in Florida, and was set around the theme of ‘Disruptive Innovation’.