PEOPLE & TEAM Newsletter
Milarex News
Pangea AS to acquire Milarex
Pangea AS, a Norwegian industrial investment company, has entered into an agreement with our current majority owner, the Swedish private equity firm Summa Equity, to acquire Milarex.
Since Summa Equity bought Milarex in 2017, we have more than doubled our production volumes and headcount, increased our processing capacity, and broadened both our range of safe and sustainable seafood products and our geographic reach.
Today, Milarex is one of the largest salmon processors globally and the largest independent value-added processor of Norwegian salmon. Pangea intends to build on this platform.
There are no planned changes to our day-to-day operations, and the current management team will remain in place. All business contacts and service levels are unchanged.
Pangea owns a portfolio of various businesses such as Recover, SiccaDania, Robot Aviation, Pipeliner and others. Pangea invests in essential industries and with an evergreen perspective.For more information, please visit www.pangea.no.
The transaction is expected to complete in the fourth quarter of 2025, subject to customary conditions, including finalising financing arrangements.
The future of food safety
With the introduction of Regulation (EU) 2024/2895, the European Commission is raising the bar by enforcing a zero-listeria limit in ready-to-eat (RTE) foods from July 2026. This game-changing regulation demands stricter controls across the entire food supply chain, ensuring greater consumer protection. While the challenges are significant, so are the opportunities for those ready to lead. At Milarex, we are embracing this shift, investing in cutting-edge food safety measures to set new industry standards and deliver the highest quality products with confidence.
Food safety
Producers of smoked and graved salmon need to become more aware of their food safety responsibilities with regard to listeria and intensify their efforts to minimize the entry, spread and persistence of the pathogen in the production environment and thus the contamination of products.
Milarex moves into 100% renewable energy
By changing energy supplier, and at the same time specifying 100% renewable energy sourcing backed with certificates, we achieved one of our carbon reducing targets one year ahead of time.
Thomas Farstad - CEO
Food safety
Transparency and traceability creates trust. This is the second consecutive year Milarex’ publish results for food safety. We believe that improved food safety starts with openness and sharing results. Creating industry dialogue and sharing best practice is part of our food safety culture and continuous improvement process.
Sustainability - our ambition
In Milarex we take pride in actively promoting sustainable and affordable farmed raised salmon as a healthy protein source for a growing global population. We strive to be the benchmark for safe and sustainable salmon processing.
Zero listeria mindset food safety is our culture
All consumers deserve a healthy, tasty and safe food experience. We believe in openness about approach and results on food safety as the basis for trust. Pathogens are all around us in our daily lives. Seafood as well as other fresh food products are exposed to listeria and other pathogens, and salmonids are susceptible to infection. In Milarex we are prepared, and strict procedures are in place to constrain and resolve such issues.
Winning the battle against coronavirus
Milarex is a fast growing international seafood company servicing significant markets both in Europe and overseas. The company has a state of the art production facility in Poland with almost 2000 workers. The company sources and processes safe and sustainable salmon products for demanding seafood consumers.
