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 and was established in 2016.
- Headquartered in Norway
- Processing site in Poland
- Markets smoked, fresh and frozen salmon
Summa Equity said Milarex has “rapidly scaled into one of the most advanced players in secondary seafood processing”.
Financial terms of the sale were not disclosed. Under Summa Equity's ownership, revenues at Milarex had increased five-fold.
Author's summary: Pangea buys Milarex from Summa Equity.