Captain Fresh, an emerging force in the online seafood industry, has made a significant move by acquiring CenSea Inc., a prominent frozen fish and seafood importer and distributor based in the United States.
In a deal reported by ET, Captain Fresh has secured full ownership of CenSea through a combination of cash and stock transactions, with the lion’s share of the consideration being paid in cash.
With a legacy spanning four decades, CenSea holds a prominent position as one of the leading importers of frozen seafood in the US market. The company boasts a diverse portfolio, offering high-quality seafood sourced from nearly 25 countries. CenSea serves a wide range of clientele, including restaurant chains, food service distributors, retailers, and wholesalers.
This strategic acquisition underscores Captain Fresh’s ambitious expansion plans beyond its core focus of seafood export. Having recently acquired Senecrus, a prominent French shrimp distributor, Captain Fresh is now strategically positioned to diversify its operations into distribution channels across the US and Europe.
The acquisition of CenSea marks a crucial step in Captain Fresh’s global growth strategy, providing the company with a robust foothold in the lucrative North Atlantic supply markets. Moreover, this move aligns with Captain Fresh’s ongoing efforts to strengthen its presence in key regions and enhance its product offerings to meet evolving consumer demands.
This landmark transaction comes on the heels of Captain Fresh’s successful extension of its Series C funding round, securing an impressive $25 million in investment. With plans to close the ongoing round at $48 million, Captain Fresh is well-positioned to capitalize on emerging opportunities and solidify its position as a major player in the international seafood industry.
As Captain Fresh continues to explore further acquisition opportunities in the European market, the company’s expansion trajectory promises to reshape the global seafood landscape while unlocking new avenues for growth and innovation.
