Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Fish vaccine. (Photo Credit: Pharmaq)

Pharmaq to be taken over for EUR 250mln

  (NORWAY, 4/2/2013)

European private equity firm Permira has announced that a company owned by the Permira funds has entered into an agreement to take over Pharmaq Holding AS (Pharmaq), a leading international aquatic health group, for about EUR 250 million. The transaction is expected to be finalised at the end of May and subject to regulatory approvals and customary closing conditions.

Norway-based Pharmaq creates, manufactures and markets vaccines and therapeutic products for farmed fish. In the year to 2012, sales were EUR 65 million.

The aquatic vaccine industry has grown substantially along with the increase in industrialised fish farming, which has created a need for improved control of infection. Farmed fish consumption is expected to double over the next 10 years, and because the aquaculture sector now prefers prevention rather than treatment, Pharmaq is expected to continue its growth trajectory through underlying market development, growth in existing product lines and product innovation.

The funds introduced by Permira will support the current management team and its global network, thereby buttressing the firm's growth worldwide and new product development.

“We take great pride in supplying the aquaculture industry with the most innovative and effective products to enable them to produce safe and healthy seafood,” Morten Kr Nordstad, CEO, said.

“Permira’s significant experience in investing in the food chain and their international reach make them an ideal partner to help us pursue this mission. We are delighted to receive the backing of their funds as we seek to expand our products and market shares in exciting and growing markets,” Nordstad added.

Ola Nordquist, head of Nordic, expressed her company's "delight" at working with Pharmaq and supporting its ambitions plans to keep boosting its leadership position in its core Norwegian, Chilean and UK markets. She said this will provide the company with a strong position in these emerging markets which remain largely untapped.

“Pharmaq’s unique culture is a differentiating factor in terms of product development, speed to market and customer service,” Nordquist added.

Mubasher Sheikh, head of Healthcare, said that investing in innovative businesses working to improve food quality and safety has become a key focus for Permira's funds in recent years. Additionally, Pharmaq, he said, is in an ideal position to take advantage of the growth of the global aquaculture industry and the quick rise in demand for eco-friendly seafood.

By Natalia Real
[email protected]
www.fis.com


Information of the company:
Address: Production facility - Skogmo Industriområde
City: Overhalla
State/ZIP: (NO-7863)
Country: Norway
Phone: +47 2329 8500
Fax: +47 2329 8501
E-Mail: [email protected]
More about:





 Print


Click to know how to advertise in FIS
MORE ARTICLES
Commited to Environmentally Responsible Fishing Practices
Seafood Icon Celebrates Its 30th Anniversary
Time-Temperature Solution Perfect for Reduced Oxygen Packaging
Strong Operational Earnings for Marine Harvest in Q4
Russian Fishery Company Increases Deep Processing of Pollock on Trawlers
Red Lobster Reveals Seafood With Standards Commitments
Aquabyte Aims to Transform Fish Farming Through Computer Vision and Machine Learning
New Design for SeaPak´s Seafood Product Line Hits Shelves
Meijer Chefs Offer Tips on How to Enjoy Smoked Atlantic Salmon
SafetyChain Software and Safe Quality Seafood Associates Announce Partnership
Produttori Ittici Trevigiani Certified as Sustainable for Rainbow Trout
From Boat to Door-Step
Pacific Seafood is World’s First to Offer Four-Star BAP Oysters
Swiss Company Burgerstein Attains Friend of the Sea's Certification for Omega-3 Fish Oil
New Digimarc Barcode for Thermal Labels Simplifies Retail Checkout and Reduces Product Shrink
AFT Holdings Creates All About Healthy Foods
iFresh Announces Exclusive Agreement with Sunray Venus
Crown Prince Attains Sustanable Certification for Sardines and Anchovies
The Saucy Fish Co. Expands Into Europe
Biomega Natural Nutrients Earns Sustainable Certification for Omega-3
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Higher exports of live lobsters to Asia offset fall in sales to Europe
United States Two thirds of the live lobsters that the United States exported last year went to Asia, a percentage that reflects a growth of 36 percent year-on-year.
UN information exchange tool supports fisheries sustainability
Worldwide It is estimated that the global seafood trade is worth USD 140 billion, but overfishing and illegal, unreported and unregulated fishing are putting the health of fisheries and ocean ecosystems at high risk.
Euro-Moroccan commission relies on favorable ruling by CJEU on EU-Morocco fishing agreement
European Union The EU-Moroccan Mixed Commission of Fisheries Professionals has warned of the damage and the negative socio-economic impact that an unfavorable resolution of the CJEU would have on both parties in relation to the current fishing protocol between the EU and Morocco.
Nine more stocks than in 2017 are now fished at sustainable levels
European Union Fishing businesses in the Atlantic, North Sea and Baltic Sea are enjoying a record on profits, due to a solid recovery of popular fish stocks which were severely depleted some years ago, claims the European Commission.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER