Norway: Seagarden ASA Acquires Marine Savoury Business from Rieber & Søn ASA

Posted On: November 17, 2009

Seagarden ASA and Rieber & Søn ASA, today announced that Seagarden is acquiring Rieber & Søn’s comprehensive marine savoury ingredients operations.  The deal marks a strategic milestone for both companies – supporting Seagarden’s position as an international leader in marine ingredients, and enabling Rieber & Søn to target significant value-added opportunities for its branded consumer products.

Under the agreement, which is effective Nov 16th, Seagarden will purchase product inventory, production equipment and technology, and access to Rieber’s distribution channels for all marine savoury ingredient product ranges. Financial details of the transaction were not disclosed.

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