By Ian Thoms
Law360, New York (July 8, 2011) — Private equity firm Paine & Partners LLC said Friday that it has agreed to buy Scanbio Marine Group, a Norwegian producer of fish protein concentrate and other fish byproducts, from Scanbio AS for an undisclosed sum.
Paine & Partners says the deal, which is expected to close in the third quarter of 2011, will boost its presence in the growing global market for protein ingredients for animal feed.
Scanbio, which is based in Trondheim, Norway, produces protein concentrate, fish meal and fish oil from white and pelagic fish and salmon.
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