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.
- Markets smoked, fresh and frozen salmon
- Has a processing site in Poland
Summa Equity said Milarex has "rapidly scaled into one of the most advanced players in secondary seafood processing"
Revenues at Milarex had increased five-fold under Summa Equity's ownership.
Author's summary: Milarex sold to Pangea.