Seafood Group Milarex Sold to Norwegian Investor Pangea
Norwegian industrial investment firm Pangea has purchased seafood processor Milarex from private equity group Summa Equity.
Milarex has a presence in more than 30 markets worldwide. The company was established in 2016 and sold a stake to Summa Equity a year later.
Milarex has “rapidly scaled into one of the most advanced players in secondary seafood processing”
The company markets smoked, fresh and frozen salmon, and has a processing site in Poland. Under Summa Equity's ownership, revenues at Milarex had increased five-fold.
Financial terms of the sale were not disclosed.
Author's summary: Pangea buys Milarex from Summa Equity.