IRRfc sells Seafood Company

IRRfc, the Phildrew Ventures spin-out from UBS Capital, has sold the Seafood Company, a UK importer, processor and distributor of chilled and frozen shellfish, to FPI, a Canadian seafood company for £18.3m.

IRRfc was part of UBS Capital at the time of the original deal in December 1995, when the team bought two companies from Perkins Foods for £13.6m: Anchor Seafoods and the Cromer Crab Company. It merged the two to form the Seafood Company.