INVL, a leading investment management group in the Baltics, has announced that its fund has signed agreements to acquire two fish processing companies: Nordian Group and Norvelita. The deal marks a strategic expansion into the seafood sector.
Nordian Group and Norvelita are established players in the fish processing industry, known for their production of canned fish and other seafood products. The acquisition is subject to regulatory approvals and is expected to close in the coming months.
This move aligns with INVL's investment strategy to diversify its portfolio across various sectors, including food production. The financial terms of the deal have not been disclosed.
The acquisition is seen as a positive development for the Lithuanian fish processing industry, potentially bringing new investment and growth opportunities.
