Fassler Gourmet: Where you can get salmon and other seafood at relatively low prices.FASSLER GOURMET, which attracts salmon and seafood lovers seeking bargain prices, has just been fully acquired by a private equity firm headed by Koh Boon Hwee.
Credence Partners' Credence Fund II acquired Fassler Gourmet Pte. Ltd. which is in the secondary seafood processing industry – specializing in seasoning, smoking, slicing and packing salmon and ocean trout as well as other game fish.
Fassler is currently the only fish smoke house in Singapore.
It also manufactures a wide variety of soups and sauces.
Fassler truck for delivery to restaurants and other mass market customers. Photo: CompanyFassler Gourmet supplies leading airlines, hotels, restaurants, cafés and retailers; is Halal-certified, HACCP-certified and has recently been awarded the prestigious AVA Food Safety Gold Award for holding an A license for 15 consecutive years.Fassler Gourmet was founded in 1991 by Martin Fassler, who said: “It has been my pleasure building this company over the past 23 years. While I am retiring from the business, I have the utmost faith in the Credence team to continue the Fassler story. Credence has the right combination of operational experience and energy to help the management team hit the ground running.”
Credence -- which has invested in Singapore listed companies XMH Holdings and Kim Heng Offshore -- believes Fassler Gourmet is in an excellent position to capture future growth opportunities.
Tan Chow Boon, Managing Partner at Credence, said, “Fassler has developed a strong brand with a robust foundation and we are excited to continue building on this to make Fassler a branded regional seafood and soup company known for its food integrity, quality and value.”
Tan Chow Boon, Managing Partner at Credence, said, “Fassler has developed a strong brand with a robust foundation and we are excited to continue building on this to make Fassler a branded regional seafood and soup company known for its food integrity, quality and value.”
Credence will enhance and work closely with the Fassler Gourmet management team to expand its customer reach and improve its operational processes – in line with the Credence philosophy of Invest & Build.
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