EPAX acquisition?
This article was originally published in The Tan Sheet
Executive Summary
"EPAX AS would be the only significant omega-3 supplier to be fully integrated from fishing to high-quality omega-3 oils" if acquired by Norwegian fishery Austevoll Seafood ASA, according to EPAX CEO Bjorn Refsum. Austevoll Seafood entered into a letter of intent with Ferd Private Equity Fund for acquisition of the investment firm's EPAX shares Dec. 22. "We already see tendencies of crude fish oil supply scarcity," Refsum said. "Through Austevoll Seafood we would be able to expand our secure access to quantity as well as quality - ensuring that our products continue to meet the high standards for which EPAX's oil is known." The fishery also supports EPAX's investment plan "to ensure increased production" at the firm's plant in Aalesund, Norway, Refsum said, adding the plan should be realized in 2007...