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Nordsee is a German fast-food restaurant chain specialising in seafood (Photo: Vovchychko)

Nordsee to Decide to Go Public by June

  (GERMANY, 3/30/2010)

The owners of German seafood deli chain Nordsee will decide by the end of June whether to float the food company on the stock exchange, one of the owners told Sueddeutsche Zeitung (South German Newspaper) in an interview.

Heiner Kamps and Theo Mueller, owner of the dairy corporation of the same name, founded the Heiner Kamps Beteiligungsgesellschaft, which owns German seafood chain Nordsee as well as specialty food brand Homann.
 
 
       Heiner Kamps                                The Nordsee Beach Café
 
"The initial public offering of the food company, which Mr Mueller and I hold stakes in, is one of many options to raise capital. A decision has not been taken yet," Heiner Kamps told to the German newspaper last week. "It will be clear by the end of June, which direction it's going," he added.
 
"We do not need the stock exchange. We are generally able to fund our expansion from internal finances," Kamps concluded.
 
 
In the Nordsee Restaurant maritime atmosphere you can enjoy a variety of traditional fish dishes
 
About Nordsee Fischspezialitäten GmbH
 
Nordsee is a German fast-food restaurant chain specialising in seafood. In addition to selling raw and smoked seafood, the company also sells a wide variety of meals and products prepared from seafood such as sandwiches, salads, and canned seafood. The company formerly supplied its own seafood but has since sold the fishery.
 
Nordsee was founded in 1896 to supply seafood from the North Sea to the the residents of Bremen. In 1964 the company opened restaurant type retail shops offering meals prepared from seafood in addition to raw seafood. This concept, known as Nordsee Quick, was a huge success as nearly 300 shops opened within 2 years. In 1998, the company sold the fishery division known as Deutsche See to allow for more focus towards seafood retailing. The new focus was demonstrated with the introduction of locations serving smaller, quicker meals for customers in busy downtown areas that were more easily taken away in the following year.
 
 
The snack shop its the smallest Nordsee unit which, purely as a snack shop, is often found at traffic junctions such as train stations and airports
 
In 2005 the company was sold to Kamps Food Retail Investments and Nomura International. The company underwent restructuring and experienced a growth in profits five times greater than expected in the first year. In response to a new emerging market, the company introduced sushi and a number of other higher quality food products the following year and has begun to move into other sectors of the food industry with success.
 
Nordsee restaurants are usually located in populated areas such as city centers or near airports and train stations. As of 31 December 2009 Nordsee had 409 locations in catering and retail (351 in Germany, 40 in Austria, 4 in the Czech Republic, 4 in Romania, 1 in Hungary, 2 in Slovakia, 1 in Bulgaria, 1 in Turkey, 1 in Spain and 1 location in Dubai.
 
 
The Nordsee Seafood Buffet offers delicious seafood, fish and gourmet salads to be enjoyed in the restaurant or for preparation at home
 
In 2009 Nordsee generated a sales revenue of Euros 353 million. In 2009 Nordsee had a total of 20 million customers in catering and retail sales. At the same time the cash register systems registered a customer transaction of 85 million in these areas. The company employs  approximately 6000 people.
 
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Margaret E.L. Stacey


Information of the company:
Address: Klussmannstrasse 3
City: Bremerhaven
State/ZIP: (27570)
Country: Germany
Phone: +49 471 13 02
Fax: +49 471 13 1700
E-Mail: [email protected]
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