Profitable fish-processing business with production facility in Latvia

The product line is divided into three main groups:

1. Canned fish and packaged products: matjes fillets in oil, marinades, and various sauces; rollmops; marinated and fried herring; lightly salted salmon; mackerel; sprats; marinated squid; and fish and seaweed salads.

2. Bulk products for retail and the food service industry: matjes herring, salted and marinated herring, mackerel, fish rolls, salads, seaweed products, crab sticks, and other items.

3. Smoked fish: cold- and hot-smoked mackerel, herring, sprats, capelin, salmon, perch, and shrimp.

Production includes processing, marinating, smoking, portioning, packaging, and refrigerated storage. The company supplies B2B customers, retail chains, and its own retail outlets. The existing infrastructure is also suitable for private-label production and the expansion of EU exports.

The customer base includes established Latvian retail chains, wholesale and B2B customers, the company’s own brick-and-mortar stores, and business customers in neighboring markets. The products are primarily everyday grocery items and are offered in various packaging and quantity units. A cold storage facility in Riga supports nationwide distribution. Detailed customer lists, revenue shares, and contract information can be made available to qualified prospective buyers on a confidential basis as part of the due diligence process.

The market for processed fish products in Latvia and the Baltic states is part of an established European food market with stable demand for shelf-stable, ready-to-cook, and flavor-diverse products. Growth potential stems in particular from the ongoing trend toward convenience foods, the rising importance of efficient private-label concepts, and the increasing cross-border marketing within the EU. EU-wide harmonization of food standards and established trade structures facilitate access to additional markets in Northern and Eastern Europe. Suppliers with certified production processes, flexible product formats, and the capacity to support various distribution models are well-positioned to benefit from this market development.

The company competes with Latvian and international fish processors, as well as with importers and private-label suppliers in the areas of canned fish, loose fish products, and smoked fish. Its competitive edge stems from a market presence established since 1996, long-standing business relationships, a broad product range, and flexible production and packaging formats. In addition, the company has an established private label, EU- and HACCP-compliant processes, four PVD-registered facilities, and the ability to fulfill additional private-label and export orders within the EU.