Bolton Group Explained

Bolton Group
Industry:Consumer goods
Predecessors:-->
Successors:-->
Founder:Joseph Nissim[1]
Hq Location City:Milan
Hq Location Country:Italy
Areas Served:-->
Key People:Marina Nissim (Chairwoman)
Revenue:€1.96 billion
Revenue Year:2016
Net Income:€210.8 million
Net Income Year:2016
Owners:-->
Num Employees:>11,000[2]

The Bolton Group is an Italian conglomerate that sells products under more than fifty brands.

Overview

The Bolton Groups is a global conglomerate which sells products under more than 50 major brands,[2] primarily consumer goods with a heavy focus on seafood. The majority of their business is food related. They are based in Milan, Italy. As of 2019, they had twelve factories and more than 44 offices.

History

The Bolton Group was founded by Joseph Nissim, a Greek-born Jewish immigrant to Italy.[3] Joseph Nissim was born in 1919, to a Jewish family and escaped Thessaloniki when the Nazis invaded Greece. After fleeing Greece he joined the British Army and fought with distinction at the battle of El Alamein. He settled in Italy in 1949. He died at the age of 100 in 2019.[4]

In 2016, the Bolton Group had €1.96 billion in revenue and €210.8 million in profits.[5]

In 2018, Bolton announced that they were adopting a more progressive tuna sourcing policy. Greenpeace had been critical of Bolton's sourcing practices.[6]

As a result of the COVID-19 epidemic, sales of the Bolton Group’s canned seafood products boomed in Europe in early 2020s.[7]

They are a leading consolidator in the tuna and seafood industries.[8]

Subsidiaries

Tri Marine

Tri Marine is one of the three largest global tuna traders along with FCF and Itochu.[9] Tri Marine is based in Bellevue, Washington and was founded in 1971. In 2019, Tri Marine was sold to the Bolton Group.[10] Tri Marine has more than 5,000 employees and operates 16 purse-seiners.[11] After the sale Tri Marine named Juan Corrales as the new CEO replacing Renato Curto who had held the position for 35 years.[12]

Rio Mare

Rio Mare is an Italian seafood company which is now a Bolton Group brand/subsidiary.[7] In 2017, Rio Mare launched a brand of organic tuna certified by the Marine Stewardship Council.[13] Rio Mare operates a factory in Cermenate.[14]

Garavilla

In 2015, the Bolton Group acquired a majority stake in Spanish seafood company Garavilla from MCH and Investment Portfolio Dularra.[15] Garavilla owns a factory in Ecuador.[16]

Saupiquet

Saupiquet is a French seafood company.[17] In 2019, they commissioned a new 67m seiner from the Piriou shipyard.[18]

UHU

UHU is a German manufacturer of adhesive products. They were acquired by the Bolton Group in 1994.[19]

Brands

Notes and References

  1. Web site: Bolton Group . www.happi.com . Happi . 4 April 2020.
  2. Web site: OUR NUMBERS . https://web.archive.org/web/20211124153213/https://www.boltongroup.net/en-ww/group/group . 2021-11-24 . www.boltongroup.net . Bolton Group . 28 August 2022.
  3. Web site: Greek-Born Jewish Entrepreneur Joseph Nissim Dies At 100 . greekreporter.com . Greek Reporter.
  4. Web site: Bolton founder Joseph Nissim dies aged 100 . www.undercurrentnews.com . Undercurrent News . 4 April 2020.
  5. Web site: Pekic . Branislav . Bolton Group Sees 11.6% Revenue Growth In 2016 . www.esmmagazine.com . European Supermarket Magazine . 4 April 2020.
  6. Web site: Knowles . Oliver . People powered progress on tuna . www.greenpeace.org . Greenpeace . 5 April 2020.
  7. Web site: Mereghetti . Matilde . Bolton sees canned tuna sales boom in EU lockdowns . www.undercurrentnews.com . Undercurrent News . 4 April 2020.
  8. Web site: Seaman . Tom . Bolton vs Thai Union: Different approaches to tuna consolidation . www.undercurrentnews.com . Undercurrent News . 4 April 2020.
  9. Web site: Choppy Waters, Forced Labour and Illegal Fishing in Taiwan's Distant Water Fisheries . www.greenpeace.org . Greenpeace . 4 April 2020.
  10. Web site: Seaman . Tom . Bolton inks deal to take control of Tri Marine's tuna supply business . www.undercurrentnews.com . Undercurrent News . 4 April 2020.
  11. Web site: White . Cliff . Tri Marine sold to Bolton Group . www.seafoodsource.com . Seafood Source . 4 April 2020.
  12. Web site: Fiorillo . John . Tuna giant Tri Marine names new CEO . www.intrafish.com . Intrafish . 4 April 2020.
  13. Web site: Pekic . Branislav . Seafood Brand Rio Mare Launches Organic Tuna Range In Italy . www.esmmagazine.com . European Supermarket Magazine . 4 April 2020.
  14. Web site: Arosio . Alessandra . Italy's Rio Mare Decreased Water Consumption By 7% In 2018 . www.esmmagazine.com . European Supermarket Magazine . 4 April 2020.
  15. Web site: Abdulla . Hannah . Bolton Group buys control of Spain's Garavilla . www.just-food.com . Just Food . 4 April 2020.
  16. Web site: The canned seafood sector in Spain . www.fao.org . FAO . 5 April 2020.
  17. Web site: Bolton subsidiary launches sustainable tuna line . www.intrafish.com . Intrafish . 5 April 2020.
  18. Web site: French tuna firm commissions new 67m seiner . www.undercurrentnews.com . Undercurrent News . 5 April 2020.
  19. Web site: About UHU . www.uhu.com . UHU . 5 April 2020.
  20. Web site: Simmenthal . www.boltongroup.net . Bolton Group . 28 August 2022.

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