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 over 30 markets worldwide and was established in 2016. A year later, the company sold a stake to Summa Equity.
Summa Equity said Milarex has "rapidly scaled into one of the most advanced players in secondary seafood processing"
- Milarex markets smoked, fresh and frozen salmon
- The company has a processing site in Poland
- Revenues at Milarex increased five-fold under Summa Equity's ownership
Financial terms of the sale to Pangea were not disclosed.
Author's summary: Milarex sold to Pangea.