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July 08, 2011

Paine & Partners to acquire Scanbio

Paine & Partners LLC, a global private equity investment firm, announced that it has entered into a definitive agreement to acquire Scanbio Marine Group, a producer of fish protein concentrate, fish meal and fish oil from fresh and ensiled fish byproducts, from Scanbio AS. The transaction is expected to close in the third quarter of 2011, and financial terms of the transaction were not disclosed. Scanbio is headquartered in Trondheim, Norway, and its products are primarily sold into the aquaculture fish feed, animal feed and biofuel markets.

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