Parlevliet & Van der Plas acquires Deutsche See

Squarefield acted as exclusive financial advisor to Parlevliet & Van der Plas on the acquisition of Deutsche See.

On 13 February 2018, our client Parlevliet & Van der Plas (“P&P”) announced it is to acquire all the shares in Deutsche See, the German market leading value-added processor and distributor of premium quality fish, seafood, delicacies and adjacent niche specialties, subject to approval by the competition authorities.

With the acquisition, the P&P and Deutsche See businesses will be vertically connected with each other all the way from catching fish to the plate. As a result, Deutsche See will be able to offer more fish from the German P&P fleet in the future, and this with the usual top quality.

Parlevliet & Van der Plas

P&P, based in Katwijk in the Netherlands, has been managed by the Parlevliet and Van der Plas families for over 60 years, and employs more than 6,000 people around the world in fishing on over 40 fishing vessels and in processing plants (for example, Heiploeg and Ouwehand). P&P has been an extremely reliable and important supplier and partner for Deutsche See for decades.

Deutsche See

Deutsche See, based in Bremerhaven, is the number one in Germany when it comes to marketing fish and seafood. The company employs over 1,700 people in 22 locations throughout Germany, supplying 35,000 customers in food retailing, food services, fine restaurants as well as company and social catering. The global procurement of high-quality raw materials, careful and customised production and processing in the specialist facilities in Bremerhaven, outstanding quality management and the exceptional market logistics with its own sustainable fleet vehicles are what make the company unique.

Diek Parlevliet – CEO P&P: “With a combination of proven seafood knowledge and an ability to translate specific process requirements for the seller into our needs for fast and focused execution, the Squarefield team has contributed significantly to the success of the transaction.”

2018