Profand Acquires Union Martin Group: Strategic Expansion in Fish Business

May 5, 2026

Profand has entered into an acquisition agreement for Union Martin Group, according to a statement from the company. The deal includes Union Martin Group’s operations in Las Palmas and Silomar‘s operations in Valencia.

Union Martin Group had previously acquired Silomar in 2022, which brought with it a processing plant and cold-storage facilities spanning 19,000 square meters.

Profand’s President and CEO Enrique Garcia stated that the transaction reflects the company’s goal to continue growing in an orderly manner while strengthening its industrial capacity and presence in strategic markets, including the Canary Islands. He added that the incorporation of Union Martin aligns with the company’s roadmap and helps build a leading project in the fish business with a commitment to investment and long-term value creation.

Profand said the acquisition bolsters its presence in both mainland Spain and the Canary Islands, located off the coast of Northwest Africa. The firm has a vision of further developing the Canary Islands market for its products.

Alantra originally purchased Union Martin Group in April 2018 and retained the company’s management team after the transaction closed. Shortly afterward, Union Martin acquired a significant stake in Mauritanian fishing company Societe Mauritanienne pour la Peche Industrielle, expanding its fishing fleet. In 2025, Union Martin also completed construction of a cold-storage facility designed to preserve sashimi-grade tuna.

The acquisition arrives shortly after Profand disclosed its FY 2025 results, which showed increases in revenue and EBITDA driven by operational efficiencies and cost optimization in its business.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

REPORT DESCRIPTION
RESEARCH METHODOLOGY AND THE AI PLATFORM
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

KEY FINDINGS
MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO

3. MARKET OVERVIEW

Understanding the Current State of The Market and its Prospects

MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
MARKET FORECAST TO 2035

4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

Finding New Products to Diversify Your Business

TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
BEST-SELLING PRODUCTS
MOST CONSUMED PRODUCTS
MOST TRADED PRODUCTS
MOST PROFITABLE PRODUCTS FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

TOP COUNTRIES TO SOURCE YOUR PRODUCT
TOP PRODUCING COUNTRIES
TOP EXPORTING COUNTRIES
LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Export

TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
TOP CONSUMING MARKETS
UNSATURATED MARKETS
TOP IMPORTING MARKETS
MOST PROFITABLE MARKETS

7. PRODUCTION

The Latest Trends and Insights into The Industry

PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)

8. IMPORTS

The Largest Import Supplying Countries

IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)

9. EXPORTS

The Largest Destinations for Exports

EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)

10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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11.1

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