Nordic Business Report-April 24, 2006-Leroy Seafood Group ASA acquires Fossen AS
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The Norwegian seafood group Leroy Seafood Group ASA said on Monday (24 April) that it has agreed to acquire seafood company Fossen AS in a NOK230m deal.
Fossen, located outside Bergen in Norway, produces smolt and farms and processes salmon and trout. It has 80 employees.
The company reported a pre-tax profit of NOK18m in 2005, but is expected to achieve a substantially better result this year.
One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).
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