Milarex

Health and climate action

Company details

Year Aquired

2017

Location

Norway/Poland

Revenue (2018)

1,984 mSEK

Sector

Fish processing

Employees

1.190

Investment Themes

Resource Efficiency

Contact

If you want to know more about Milarex please contact Hannah Gunvor Jacobsen at: hannah.jacobsen@summaequity.com

Milarex operates within the secondary processing part of the seafood value chain, mainly focused on salmon value-added products. It operates one of the most advanced and purpose-built factory for salmon processing in the world using proprietary know-how and technology. When ramped up, Milarex is estimated to become a top #2 global player and have an advantageous cost position in the industry

 

Challenge

It is estimated that by 2030, the world population could reach 8.3bn people, which would require 35% more food1. Worldwide, over 1.9m adults are overweight2 and could benefit from a more nutritious diet with less livestock protein. Notably, livestock contributes 14.5% of all CO2 emissions3, creating an opportunity to transform the way protein is produced, processed and consumed.

 

%
of proteins derived from fish globally
%
of proteins dervied from meat and dairy

 

How do we solve it?

Through one of the most advanced and costefficient factories for salmon processing in the world, Milarex makes seafood protein more affordable and accessible, thus helping to cover the world’s rapidgrowing nutrition needs.

 

How do we improve?

Milarex endeavours to heighten its impact through increased production and reach. Through better utilization of the raw material, reduction of packaging materials and increased efficiency, Milarex can improve profit margins while reducing the carbon footprint per unit and increase nutritional impact per dollar spent

 

Value creation

Processing is a key part of the food value chain, significantly influencing both the environmental footprint and food security. Milarex tracks its SDG impact by volumes sold, the conversion factor from fish in and food out, and that raw materials, whether wild or farmed, are from a source certified as sustainable. The more customers that buy Milarex products, the higher the impact on both consumers health and the planet.

Year Aquired

2017

Revenue (2018)

1,984 mSEK

Employees

1.190

Investment Themes

Resource Efficiency

Sector

Fish processing

Location

Norway/Poland

Contact

If you want to know more about Milarex please contact Hannah Gunvor Jacobsen at: hannah.jacobsen@summaequity.com

Website

Video

SDG Alignment
SDG Wheel
SDG 2
SDG 3
SDG 12
SDG 14
KPI reporting
SDG 8

REVENUE (SEKm)

2018
+105%
1,984
2017
966
SDG 12

CONVERSION RATIO

Raw material to edible product
2018
68%
NA
SDG 3

TONS OF EDIBLE PRODUCT

2018
+103%
15.2K
2017
7,5K
SDG 14

SUSTAINABLE RAW MATERIALS

With certificates from either ACS, Global GAP or MSC
2018
87%
NA

Learn more about Milarex

Summa Equity acquires Milarex

Summa Equity has acquired 75% of Milarex, a value-added processing company in the salmon industry, from the founder, Jerzy Malek. Summa Equity is a thematically-focused private equity investor with Seafood as one of the focus areas within its “Resource Scarcity” theme.   “With a growing global population amidst global climate issues, the world needs healthy…

Read the story

Summa Equity acquires Milarex

Summa Equity has acquired 75% of Milarex, a value-added processing company in the salmon industry, from the founder, Jerzy Malek. Summa Equity is a thematically-focused private equity investor with Seafood as one of the focus areas within its “Resource Scarcity” theme.   “With a growing global population amidst global climate issues, the world needs healthy...
Learn more