M&As this week: Leroy Seafood Group, Cargill, Fort Dearborn

9 June 2016 (Last Updated June 9th, 2016 18:30)

Leroy Seafood Group has entered an agreement with Aker Capital, Aker Capital II and Fausken Invest to acquire a stake in Havfisk in a transaction worth Nkr1.98bn ($238.3m).

Leroy Seafood

Leroy Seafood Group has entered an agreement with Aker Capital, Aker Capital II and Fausken Invest to acquire a stake in Havfisk in a transaction worth Nkr1.98bn ($238.3m).

The seafood processing and packaging company will acquire a 64.4% stake in Havfisk in a move to expand its business in the European white fish segment, as well as access large quantities of white fish raw material.

Leroy will acquire 53.5 million shares priced at Nkr36.50 ($4.37) each from Aker Capital and Aker Capital II, and another 1.03 million shares priced at Nkr36.50 ($4.37) each from Fausken Invest.

Cargill will acquire Five Star Custom Foods in a transaction expected to be completed in mid-2016, subject to regulatory approvals.

According to the terms of the acquisition, Cargill will take over the company's facilities in Fort Worth and Nashville, Tennessee.

"Fort Dearborn has acquired SleeveCo in a bid to strengthen its business in the prime label segment."

Cargill is a US-based, privately held corporation that provides food, agricultural, financial and industrial products and services.

US-based label supplier Fort Dearborn has acquired SleeveCo in a bid to strengthen its business in the prime label segment, as well as enhance its product offerings.

SleeveCo is a leading manufacturer and supplier of shrink and stretch sleeve labels.

Peyman Kuruyemis Gida Aktariye Kimyevi Maddeler Tarim Urunleri Sanayi ve Ticaret has been acquired by private equity firm, Bridgepoint Advisers Limited, for an undisclosed amount.

Previously owned by Esas Holding, Peyman is a Turkey-based producer of packaged nuts and dry fruits.


Image: Leroy Seafood Group has acquired a 64.4% stake in Havfisk ASA for Nkr1.98bn ($238.3m). Photo: courtesy of Leroy.