A Glasgow-based salmon processor has safeguarded its long-term future by transferring ownership to an employee ownership trust (EOT). Marine Products (Scotland) Ltd, which supplies a range of salmon products to long-standing trade customers and retailers, has completed the move following a detailed succession planning process that began after the death of former owner Angus Mackenzie in 2018.
The transition to an EOT is designed to keep the business independent, provide stability for staff and customers, and protect the legacy built up over more than two decades. Under the new structure, shares are held in trust on behalf of employees, with a board of trustees appointed to act in their interests while the existing leadership team continues to run day-to-day operations.
Director Audrey Bisset said the ownership change gives the company “the best possible platform for the future,” allowing decisions to be taken with a long-term view while placing employees “at the heart of safeguarding its future.” She stressed that the model recognises staff as central to the firm’s success and ensures the business remains focused on sustainable growth and quality products.
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Operations manager Marcin Tokarczyk, who has been with the company for 16 years, said the move offers “real reassurance about the future” and feels like a “natural next chapter” for the processor. He highlighted the pride employees take in their work and welcomed the certainty that comes with knowing the company is now owned for their collective benefit.
Marine Products (Scotland) Ltd, incorporated in 2002 and based at Queenslie Park in Glasgow, specialises in the processing and preservation of fish, crustaceans and molluscs, with salmon at the core of its business. The EOT structure also resolves succession questions, removing uncertainty around future ownership while anchoring the company in Glasgow’s food manufacturing base.
Bisset added that employees have responded positively to the announcement, seeing it as a clear, stable solution that secures jobs and supports continued investment in product quality. With the trust now in place, the company intends to build on its existing customer relationships, maintain its reputation for high standards and plan confidently for the long term as a staff-owned Scottish seafood producer.
