The retailer will be doubling its fish processing capacity and create new jobs in the town just three years after it opened its first fish processing plant in the town.
Morrisons currently produces 250 tonnes of fish a week through its existing site.
The company said that the purchase of the new plant will streamline and bring efficiencies to Morrisons processing as the space will form part of new packing, chilling and filleting divisions.
The current site stands at 35,000sqft, the acquisition of the second site will increase the space to cover more than 120,000sqft.
Mark Harrison, Group Manufacturing Director, said: “Due to the success of our first site and the growing demand for fresh fish from our customers we are expanding our entire seafood manufacturing operation.
“Not only will we be able to supply a wider product range but we’ll also be increasing the number of skilled jobs available in the local area.
“The new space will mean we can manage the entire process of preparing fish ourselves and because that’s efficient we’ll be able to offer even better value to our customers.”
In addition to the two sites in Grimsby, Morrisons also opened a facility in 2014 at the Humberside Seafood Institute to service the supermarkets growing online and convenience services.