Milarex Sold to Norwegian Investor Pangea
Norwegian industrial investment firm Pangea has acquired seafood processor Milarex from private equity group Summa Equity.
Milarex operates in over 30 markets worldwide and has a processing site in Poland, marketing smoked, fresh, and frozen salmon.
Summa Equity said Milarex has "rapidly scaled into one of the most advanced players in secondary seafood processing".
Established in 2016, Milarex sold a stake to Summa Equity a year later, with revenues increasing five-fold under its ownership. Financial terms of the sale to Pangea were not disclosed.
Author's summary: Pangea acquires Milarex from Summa Equity.
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