Danish private equity firm Maj Invest has sold its stake in Vega Salmon to Coast Seafood, enhancing Coast Seafood's premium product offerings in the global seafood market.
Information on the Target
Vega Salmon is a premium salmon processing company headquartered in Kolding, Denmark, with production facilities located in Handewitt, Germany. The company specializes in producing high-quality fresh and smoked salmon products, which are distributed to a global customer base. Vega Salmon prides itself on its dedication to food safety and product innovation, notably utilizing by-products for human consumption. In the fiscal year 2021/22, the company achieved impressive revenues of DKK 1.3 billion and has been under the ownership of Maj Invest since 2012.
Industry Overview in Denmark
The salmon processing industry in Denmark is characterized by a strong commitment to quality and sustainability. Driven by consumer demand for healthy and sustainable products, the sector has seen significant growth in recent years. Danish salmon producers are recognized for their innovative practices and adherence to strict regulations that promote food safety and environmental stewardship.
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Moreover, Denmark's location and access to clean waters provide a competitive advantage for salmon farming and processing. The count
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Disclosed details
Revenue: $189M