Fish processors Lisner, Wilbo and Superfish prepare sea changes in market
Fish-processing sector leaders Lisner, Wilbo and Superfish are preparing
themselves for separate consolidation processes. Superfish, which is 51%
owned by Norwegian financial investor Orkla, is planning to issue new
shares. 'We will not reveal details nor the purpose of the new shares
issue,' said Superfish co-owner and president Wojciech Strozyna. He also
added that the company planned significant investment in distribution and
further adjustment of the partnership to European Union (EU) trade
standards. Lisner and Wilbo are examining the market in order to undertake
profitable acquisitions, with the former intending to use funds from
parent company UNIQ and the latter spending its own funds earmarked for
this purpose. 'We are negotiating with a few companies about taking them
over,' said Wojciech Gielnik from Lisner. He also added that the outlook
of the fish market would change very drastically due to decreased access
to resources, and this will weaken smaller companies, increasing the
tendency to stronger, bigger companies in the near future. 'The matter of
acquisitions remains open. We have reserved zl.17 million for this
purpose,' said Marzena Chrostowska from Wilbo, which controls about 25% of
the domestic canned fish market. (Puls Biznesu, pp.1,9) M.M.