THE Dingwall-based Edinburgh Salmon Company has been sold to the French, it has been announced.
Merinvest, the French parent company of MerAlliance, a major player in the European salmon processing industry, is the new owner of ESCo which employs 250.
With a turnover in excess of £75 million, Merinvest has businesses in France and Poland with 550 employees.
With the addition of ESCo, turnover will increase beyond £110m and over 800 workers.
Colin Burke, ESCo managing director, said the running of ESCo and its customers would not be affected by the change.
But hsaid: "It is envisaged that this will provide the opportunity for ESCo products to be marketer in wider Europe and for sister company products to be offered to existing ESCo customers.
"ESCo has experienced major growth over the past few years and this change of ownership will help in the next sage of its ambitious growth plans.
"This is a really exciting time for all concerned with the business with a new raw salmon/seafood facility due for completion in june this year and now the new ownership of ESCO."
ESCo is the Highlands’ biggest salmon processing company and in 2010 bucked the recession by increasing the size of its factory by around 50 per cent as part of a £2 million investment at its premises on the Dingwall Business Park. The move created around 100 new jobs.