Summa Equity Acquires 75 Percent of Salmon Smoker Milarex
SEAFOODNEWS.COM [SeafoodNews] - July 24, 2017
Oslo, Norway -- Summa Equity, a private equity firm formed last year, today announced the purchase of 75% of Milarex, a value-added processing company in the salmon industry, from the founder, Jerzy Malek. Seafood is one of their focus areas within the "Resource Scarcity" theme.
"With a growing global population amidst global climate issues, the world needs healthy and sustainable food, and these megatrends are driving the growth in seafood consumption," says Reynir Indahl, Managing Partner of Summa Equity.
"Wild catch of fish is leveling off and we expect fish farming to surpass it by 2019. Salmon farming uses no fresh water, has a high feed conversion ratio...
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