Macknight Food Group opening new US plant

Macknight Food Group opening new US plant

macknight-salmon

Macknight Food Group is opening another salmon plant in the US one month from now, as the organization’s UK-based operation keeps on recouping from the loss of the processing contract for WM Morrison Supermarkets in 2013. Jonathan Brown, the group’s founder and CEO said that the organization would be opening a second plant in Miami, Florida in February for processing value-added salmon items.

However Brown refused to comment on what other products will be produced in the plant. The organization plans to construct a bigger industrial facility alongside its Hickory House plant in Miami, yet the planning permission procedure is taking some time, he said. The salmon plant would be operated in a factory that was already running in the area. Macknight will renovate the plant to suit their needs and is also considering building another plant next to the existing one.

In the interim, in the UK, the organization’s Macknight operation reported turnover of £15.55 million, up 78.73% year-on-year, for the year to Dec. 31, 2014. The organization’s gross benefit surged 81.29% year-on-year, to £2.81m, as per the most recent records just documented on the UK organizations’ registry. The organization reported a working loss of £55,211, contrasted to lose £781,446 for the earlier year. The net misfortune for the most recent year was £268,552, contrasted to £771,287 last year. In the UK, 2015 was a much more stronger year for the company, Brown said. Turnover was £15.2m in the UK, with profit before interest, taxes, devaluation and amortization at £1.4m, he said.

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