Tantalizers enters seafood market, acquires Lagos based fishing company
- Tantalizers Plc will acquire all assets of DanBethel Marine Services Limited.
- This acquisition signifies Tantalizers' pivot towards the fishing and aquaculture industry.
- The deal is expected to be finalized by June 2025.
The acquisition of DanBethel by Tantalizers represents a bold and necessary strategic pivot that could potentially stabilize the company's financial performance. By entering the aquaculture market, Tantalizers not only diversifies its portfolio but also positions itself to capitalize on the growing local demand for seafood, which could lead to long-term profitability. However, the success of this venture will depend on effective integration and management of the new assets.
