Norwegian company Leroy Seafood has agreed to buy leading Swedish fish wholesale operators Allt i Fisk in Gothenburg and Fiskgrossisterna i Stockholm for an undisclosed sum.
Go deeper with GlobalData
Last year, Allt i Fisk had a turnover of SKr181m, while Fiskgrossisterna reached SKr207m. Unless a problem develops in the due-diligence process under way, the deal is expected to be completed by 1 October.
The buyout also includes Poseidon, 91% of which is controlled by the Fiskgrossisterna group. Poseidon markets and sells consumer-packaged fresh fish.
The deal is an indicator of the recent push within the Norwegian fish industry to strengthen its global position. Separate reports have revealed that the industry has agreed to invest SKr1.3bn in strengthening its marketing efforts worldwide over the next three years.
By Jerry Simonsson, just-food.com correspondent
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
