Pescanova

Pescanova is a Spanish multinational company that specializes in the harvesting, processing, and distribution of deep frozen seafood products. The company was founded in 1960 by José Fernández López, and it has since grown to become one of the largest seafood companies in the world.

History

Pescanova was established in 1960 in Vigo, Spain, by José Fernández López. The company initially focused on fishing and selling fish in the local market. However, it quickly expanded its operations to include the processing and distribution of seafood products.

In the 1970s, Pescanova began to invest in the development of its own fleet of fishing vessels. This allowed the company to control the entire supply chain, from the harvesting of the seafood to its distribution. This vertical integration strategy has been a key factor in Pescanova's success.

In the 1980s, Pescanova expanded its operations internationally. The company established subsidiaries in several countries, including Portugal, France, and Italy. This international expansion allowed Pescanova to access new markets and increase its sales.

In 2013, Pescanova filed for bankruptcy due to a financial scandal. However, the company was able to recover and continue its operations.

Products and Services

Pescanova offers a wide range of seafood products, including shrimp, lobster, salmon, and cod. These products are sold in various forms, such as whole, filleted, or processed into ready-to-eat meals.

In addition to its seafood products, Pescanova also provides a variety of services to its customers. These services include logistics, quality control, and product development.

Impact and Influence

Pescanova has had a significant impact on the seafood industry. The company's vertical integration strategy has been widely adopted by other companies in the industry. Furthermore, Pescanova's commitment to sustainability has led to the development of more environmentally friendly fishing practices.

See Also

• Seafood industry in Spain
• List of seafood companies