Group 1 - Norwegian industrial investment firm Pangea has acquired seafood processor Milarex from private-equity group Summa Equity, with financial terms undisclosed [1] - Milarex, established in 2016, has rapidly scaled into a leading player in secondary seafood processing, focusing on smoked, fresh, and frozen salmon [1][2] - Under Summa Equity's ownership, Milarex's revenues increased five-fold, and the company has been profitable since its inception [2] Group 2 - Milarex CEO Thomas Farstad emphasized the company's commitment to technological and market-driven innovation alongside environmental responsibility [2] - The company plans to maintain its current operations and management team, ensuring no changes to day-to-day activities or service levels [3] - Milarex has a presence in over 30 markets globally and expanded into North America in 2021 through the acquisition of California-based seafood company Ultco [3][4]