M&A Deal Summary

Origin Enterprises and Austevoll Seafood Acquire Welcon Invest AS

On February 2, 2009, Origin Enterprises and Austevoll Seafood acquired food company Welcon Invest AS

Acquisition Highlights
  • This is Origin Enterprises’ 2nd and Austevoll Seafood’s 1st transaction in the Food sector.
  • This is Origin Enterprises’ 1st and Austevoll Seafood’s 2nd transaction in Norway.

M&A Deal Summary

Date 2009-02-02
Target Welcon Invest AS
Sector Food
Buyer(s) Origin Enterprises
Austevoll Seafood
Deal Type Joint Venture

Target

Welcon Invest AS

Oslo, Norway
Welcon Invest AS produces fishmeal, protein concentrate, and fish oil in Northern Europe. The company was founded in 2003 and is based in Oslo, Norway.

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Buyer(S) 2

Buyer

Origin Enterprises

Dublin, Ireland

Category Company
Founded 2006
Sector Agriculture
Employees2,800
Revenue 2.0B EUR (2024)
DESCRIPTION

Origin Enterprises is a provider of value-added services, technologies, and strategic inputs that support the delivery of sustainable and profitable food production solutions for primary producers. Origin Enterprises was founded in 2006 and is based in Dublin, Ireland.


DEAL STATS #
Overall 5 of 15
Sector: Food M&A 2 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-03 Continental Farmers Group

Pomeranian Voivodeship, Poland

Continental Farmers Group plc is a large scale producer of high value agriculture crops operating in Poland and the Ukraine. Continental Farmers has built a successful arable farming business in the Vistula Delta area of Northern Poland over the past 14 years. In 2006 the Company commenced the development of an intensive arable farming operation in the L’Viv region of Western Ukraine. Continental Farmers land holding currently comprises 2,500 hectares (‘ha’) in Poland and 18,000 ha in the Ukraine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-10 United Agri Products

Huntingdon, United Kingdom

United Agri Products Ltd. is a premier provider of agronomy services to arable, fruit and vegetable growers. The business services over 8,000 farm enterprises through a team of 100 agronomists. UAP provides tailored systems incorporating advice on crop selection, establishment, nutrition, protection and precision agronomy combined with the sale and distribution of strategic inputs.

Buy £33M
Buyer

Austevoll Seafood

Storeb, Norway

Category Company
Founded 1981
Sector Food
Employees6,908
Revenue 35.4B NOK (2024)
DESCRIPTION

Austevoll Seafood engages in the pelagic fishery and seafood businesses in Chile, Norway, the United Kingdom, Ireland, and Peru. Austevoll Seafood was founded in 1981 and is based in Storeb¸, Norway.


DEAL STATS #
Overall 2 of 2
Sector: Food M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Norway M&A 2 of 2
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-24 Epax AS

Oslo, Norway

Epax is a manufacturer of bulk marine Omega-3 oils for use in dietary supplements and functional foods. Epax was the former industrial brands division of Pronova Biocare and this divison was demerged from Pronova in December 2005.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-03 Epax AS

Oslo, Norway

Epax is a manufacturer of bulk marine Omega-3 oils for use in dietary supplements and functional foods. Epax was the former industrial brands division of Pronova Biocare and this divison was demerged from Pronova in December 2005.

Sell -