Milarex

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Milarex - overview

Established

2016

Location

Oslo, -, Norway

Primary Industry

Food

About

Founded in 2016 by Jerzy Malek and based in Oslo, Norway, Milarex owns and operates salmon processing plants and provides a range of seafood products. In October 2025, Pangea AS agreed to acquire Milarex from Summa Equity. Financial terms of the transaction were not disclosed. Milarex offers a wide range of salmon products, including smoked, fresh, and frozen formats.


The company focuses on taste, texture, and color while ensuring compliance with the highest food safety standards. It also provides traceability features, enabling consumers to learn about the origin of their seafood. Milarex generates revenue primarily through the sale of value-added salmon products to retail chains, foodservice providers, and distributors across Europe and North America. Its business model leverages large-scale processing facilities and sustainable sourcing to maintain competitive pricing and premium quality.


The company aims to strengthen its global footprint by expanding distribution networks in the U. S. and Asia, investing in advanced processing technologies, and enhancing sustainability initiatives. Milarex also plans to innovate new product formats to cater to evolving consumer preferences for healthy and traceable seafood.


Current Investors

Summa Equity

Primary Industry

Food

Sub Industries

Consumer Products, Other Food Products, Meat, Poultry & Seafood Products, Food & Beverage Distribution, Fishing & Seafood, Other Animal Husbandry

Website

www.milarex.com/

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Milarex - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutAnnouncedMilarex-
Add-onCompletedUltco, LLC-
BuyoutCompletedMilarex-

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