M&As this week: Bell, Leroy Seafood Group
Swiss meat processor and manufacturer Bell has acquired Geiser, a specialist delivery company for the food service industry.
Following the transaction, Geiser will continue to operate independently and retain its employees and management team.
Bell intents to enhance its position in the Swiss food service market through the acquisition of the meat and charcuterie product manufacturer.
Norwegian seafood producer and distributor Leroy Seafood Group will become a majority shareholder in Norway Seafoods by acquiring the remaining 26.4% stake in the whitefish solutions provider.
Leroy Seafood will purchase the shares for Nkr1 ($0.12) each by next month. The company had earlier acquired a 73.6% stake in Norway Seafoods.
In another transaction, Leroy Seafoods has made a mandatory offer for additional shares of Havfisk, a Norwegian seafood processing company. The shares will be acquired at Nkr36.50 ($4.42) each.
Image: Bell is a leading meat processor and covenience products producer based in Switzerland. Photo: courtesy of Bell.