The company was founded by John Buchan in 1962 and was run by his son Arthur for many years. In recent times the company has been under the stewardship of the third generation of Buchans, brothers Mark and Stephen.
Mark, Stephen and their families made the decision to sell the company. Part of the agreement will see Mark and Stephen Buchan retain their positions as managers within the company.
With this acquisition, Hampiðjan strengthens its position in the North-Atlantic region, which is the most important market.
In a notice to their shareholder the group said “Around the coast of Great Britain, there are a wealth of fisheries in which the most valuable species are mackerel and herring while vessels from the European Community have provided the majority of the fishing force in recent years. This will change in the wake of Brexit but Hampiðjan, however, with this acquisition is guaranteeing its status independently on either road that negotiations take in the future.”
Hampiðjan states that there are significant synergies that will result from the purchase.
“The customers of both companies in Scotland will benefit from the purchase by Hampiðjan, because together, the companies get access to the technological knowledge and products of the fishing industry and their special product knowledge of the oil and gas industries.“