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Article: Closure of Findus fish plant in UK raises questions about frozen market. (United Kingdom)
- Article from:
- Quick Frozen Foods International
- Article date:
- October 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 E.W. Williams Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Closure of Findus Fish Plant in UK Raises Questions About Frozen Market
There were not many raised eyebrows in England at the recent news of the pending shutdown of the Findus fish factory in Grimsby. The decision will end the company's production of fish fingers and other frozen coated fish in Britain. The bottom line is that even with 10% of a 160 million [pounds] market, it's hard to make money when margins get squeezed too tight.
What might be questioned is the interpretation put upon this event by the principal players. Findus blamed weaker demand for coated products, pointing out that total sales of fish fingers had fallen by 20% over the past four ...