Iceland Seafood International to Enter Spain Retail Market Through Latest Acquisition
Iceland Seafood International (ISI) has announced it has finalized an agreement with the Mestanza family to acquire an 85% stake in the company Ahumados Dominguez in Spain.
Ahumados Dominguez producers smoked salmon and according to Iceland Seafood it has a strong brand and consumer recognition in the retail sector of the region.
The company will continue to be led by Managing Director Pedro Mestanza. Mestanza will hold a 15% minority stake and has an option to buy additional 5% stake form ISI within the next five years...
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