Geir Johan Bakke has acquired a 45% stake in Frøystad AS, a company specializing in fishing gear, while continuing the leadership transition and increasing investment from existing shareholders.
Target Information
Frøystad AS has a long-standing tradition of supplying fishing gear to quality-conscious customers in the fishing and aquaculture industries, catering to both recreational and professional sectors. The company offers various products including nets, traps, ropes, and other related equipment.
With nearly 50 years of experience, Frøystad AS is renowned for its expertise and knowledge in the industry. The company is located in Herøy Municipality in Møre and Romsdal, where it operates both a store and an office. From this location, it manages, packages, and ships products nationally and internationally. In 2018, the company reported a revenue of over 34 million and has demonstrated solid growth and profitability.
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Industry Overview
The fishing and aquaculture industry in Norway is renowned for its emphasis on quality and sustainability, driven by both domestic consumption and export ma
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Geir Johan Bakke
invested in
Frøystad AS
in
in a Other Private Equity deal
Disclosed details
Revenue: $34M