Albert Fisher to sell seafood operations

Albert Fisher, the troubled food group, yesterday confirmed that it intends to dispose of its seafood operations. The company said it "has decided to concentrate on the group's expertise in fruit, vegetables, salads and sauces and dressings". Albert Fisher said this will enhance the group's leading position in "these high growth, healthy eating markets".

Fisher said last week it was likely to sell some businesses after the breakdown of talks with a potential buyer for the whole company. Like many UK food makers, Fisher faced falling demand and increased competition in the recession of the early 1990s after it had spent heavily on acquisitions and expansion in the 1980s.