U.K.’s Youngs Now Part of Multi-Protein Karro Food Group, Owned by CapVest

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U.K.’s Youngs Now Part of Multi-Protein Karro Food Group, Owned by CapVest

Grimsby-based Young’s Seafood released their latest 2018 financials on Monday showing 4.3% growth in the year ending September 30, 2018 with turnover of £545.9m compared to £523.3m for the 12 months ending September 2017.

EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 16 percent to £23.0m, compared to £19.8m for the 12 months ending September 2017.

Despite this growth, private equity owners had Young’s up for sale since April 2018. On July 2, 2019, U.K.-based pork processor Karro Food...

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