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
Website
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.
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
KPI reporting
REVENUE (SEKm)
CONVERSION RATIO
Raw material to edible product
TONS OF EDIBLE PRODUCT
SUSTAINABLE RAW MATERIALS
With certificates from either ACS, Global GAP or MSC
Learn more about Milarex
Portfolio 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…
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