KB foods is a seafood producer and exporter that was formed in 2016 when it bought the Kailis Bros business. KB's ownership structure is 90:10 between Hong Kong-based Legend Holdings and the Kailis family.
The Kailis Bros business dates back to 1926, when George Peter Kailis, who migrated to Australia from the Greek island of Kastellorizo in 1914, established a retail fish shop. He had four sons, who have all made their mark in WA business. Michael Kailis took over the retail fish shop, which evolved into Kailis Bros. He also had four sons who ran the business until its sale.