Captain Fresh Expands Global Presence with CenSea Acquisition Deal
Captain Fresh, an online seafood firm, has acquired CenSea Inc., a US-based frozen fish and seafood importer and distributor. “According to an ET report, Captain Fresh has fully acquired CenSea in a cash-and-stock deal, with 90% of the consideration paid in cash.”
CenSea, boasting a 40-year legacy, is among the largest importers of frozen seafood in the US, serving diverse customers globally. The acquisition aligns with Captain Fresh’s strategy to expand beyond seafood exports, venturing into distribution in markets like the US and Europe.
“The buyout of the 40-year-old American firm is part of a wider foray by Captain Fresh.”
Recently, Captain Fresh also acquired French shrimp distributor Senecrus, further bolstering its global presence. “The firm recently acquired French shrimp distributor Senecrus.”
Engaged in more acquisition talks in the European market, Captain Fresh eyes entry into the North Atlantic supply markets. The five-year-old company recently secured $25 million in an extension of the Series C round, with the ongoing round set to close at $48 million.