Seafood operator Seagold has bought the Grimsby Seachill factory site.
Seachill, which formed the UK arm of Icelandic Group and employed 750 people in both of its Grimsby factories, was put up for sale last month.
Seagold has announced it purchased land and buildings, previously known as the Icelandic Seachill Meals Site.
The company, which comes under the fish processing firm Samherji and is headquartered in Hull, has bought the site for an undisclosed sum in order to grow its Grimsby interests.
This sale is for assets only and all existing business will be relocated to Seachill’s other facilities.
This is a separate transaction to the recently announced sale process for the total Icelandic Seachill business.
It is understood new owners will bring a number of new jobs to the area, however the exact figure is not known at the time of writing.
Icelandic Group have said 750 staff employed by Seachill are unaffected by this sale and they will continue to work for Seachill at their other sites
Seagold, is one of UK’s leading fish importers and was established in 1996.
The company specialises in selling frozen fillets fresh from the sea.
CEO, Simon Smith said: “We are pleased that local jobs will be created as a result of the purchase by Samherji and have worked with both Samherji and the Council to facilitate this.”
Gustaf Baldvinsson, Sales and Marketing Director of Samherji, added: “This acquisition gives us scope to significantly grow our existing business and consolidate our Group’s UK storage and distribution.”