(Reuters) – British food packing business Hilton Food on Friday agreed to buy smoked salmon producer Dutch Seafood Company for an enterprise value of 90 million euros ($101.60 million), entering U.S. markets and expanding into the protein category.
Netherlands-based Dutch Seafood, which trades as Foppen, has customers in its home market as well as the United States.
London-listed Hilton Food also announced an equity raising of 75 million pounds ($99.14 million) to partly fund the deal which is expected to add to its earnings in the first 12 months.
($1 = 0.7565 pounds)
($1 = 0.8858 euros)
(Reporting by Muhammed Husain in Bengaluru; Editing by Devika Syamnath)
