Réunimer-Pêcherie du Sud, a prominent seafood processor, has attracted significant investment interest from Hivest Capital Partners. This investment firm has now acquired a majority stake in the company, paving the way for exciting new developments.
Hivest Capital, which is headquartered in Paris, has not disclosed the exact size of the stake nor the price it is paying for this acquisition from the founding shareholders of Réunimer-Pêcherie du Sud. Nevertheless, this partnership signals a promising future for both parties.
Located on the beautiful island of Réunion in the Indian Ocean, Réunimer-Pêcherie du Sud operates in a unique geographical context. This island territory of France lies between Madagascar and Mauritius and is part of the Mascarene Islands.
Founded in 1996, Réunimer-Pêcherie du Sud has established a prominent position in the seafood industry. The company’s operations encompass the entire value chain, including fishing, processing, aquaculture, export, and distribution. They cater to both French and international markets, offering a wide array of products ranging from fresh and frozen fish to octopus, shrimp, and even seaweed, available in various processed formats.
With an annual turnover estimated at €70 million ($77.8 million), Réunimer-Pêcherie du Sud operates seven processing plants and boasts a fishing fleet consisting of approximately 30 vessels. Their customer base includes retail and foodservice sectors, underscoring their comprehensive reach within the seafood industry.
Sébastien Camus and Olivier Méraud, the president and general manager of Réunimer-Pêcherie du Sud, noted: “We wanted our new partner to support our development while also aligning with our goal of creating local value and acting as a responsible player in the fishing industry, committed to ecological practices both at sea and on land.”
Réunimer-Pêcherie du Sud proudly holds sustainability certification from the Marine Stewardship Council. The company actively collaborates with NGOs, universities, and scientific organizations to fortify its commitment to sustainable practices.
In light of this investment, Hivest Capital intends to enhance the group’s position in its traditional markets while expanding internationally through external growth strategies and innovative practices.
Louis Hillion, a consulting partner at Hivest, remarked, “We thank the shareholders and the management team for their trust and are thrilled to support the group in its new stage of development. We share a common ambition to become a global and responsible leader in high-value seafood products, while deepening the group’s ESG commitment and implementing an ambitious external growth strategy.”
