F. W. Lübbert, a Germany-based fish supplier, has sold a minority stake to Norwegian private-equity firm Kverva Industrier for an undisclosed sum.
An agreement for Kverva to buy a 45% stake in Lübbert was signed on 31 December but had not been announced until now.
Go deeper with GlobalData
F. W. Lübbert supplies fish to retailers, wholesalers, smokehouses, caterers and home food delivery services. Salmon is one of its key offerings.
Kverva focuses on the seafood sector and has holdings in a range of companies, including SalMar, Pelagia and Insula. Several of the companies in the Kverva portfolio have existing relationships with F. W. Lübbert.
The management of Bremerhaven-headquartered Lübbert will stay in place post-deal.
Olav Holst-Dyrnes, investment director at Trondheim-based Kverva, said: “The investment in F. W. Lübbert is an excellent opportunity to strengthen and further support the development for the Kverva companies in the German market.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataF. W. Lübbert managing director Sven Braasch said: “With Kverva at our side we have access to resources for accelerated growth. We are very excited to team up with one of the major players of the industry.”
Kverva’s holdings collectively have NOK20bn (US$2.3bn) in annual sales and around 5,000 employees.
