ATRIUM Partners acted as exclusive financial advisor to Orkla Foods Danmark in the sale of Glyngore to Amanda Seafoods

Glyngøre was founded in 1940 and is today one of the leading seafood brands in Denmark. The brand has a strong presence in the herring, mackerel and tuna categories, and enjoys the highest brand awareness among Danish consumers. Glyngøre has been part of the Orkla Group since 1995. The strategic decision to divest the Glyngøre activities is driven by a desire to reduce the complexity of the Orkla Foods Danmark product portfolio.

With the acquisition of Glyngøre, Amanda Seafoods will strengthen its position in the Danish seafood market. Following the acquisition, Amanda Seafoods will consist of three consumer brands: Amanda, Bornholms and Glyngøre. Combined, the three brands will represent 286 years of experience in the Danish seafood industry, each with its own unique value proposition. Amanda Seafoods was founded in 1916 and has since 2017 been part of the Norwegian seafood group, Insula.

ATRIUM Partners

Advised in the sale of

Glyngøre (assets), part of Orkla Food (Denmark)

to

Amanda Seafoods (Denmark), part of Norwegian seafood group Insula

Food and Agriculture

MidCap Alliance