Danish Vega Salmon produces around 25,000 tonnes of salmon per year, has an annual turnover of around DKK 1.3 billion (£155 million) and employs between 400 and 600 people depending on seasonal demand.
The company is headquartered in Kolding, Denmark, but its main processing facility is in Handewitt, northern Germany.
Coast Seafood said the acquisition is another step in expanding its footprint across its value chain, after the company acquired seafood processing company Sotra Fiskeindustri in 2021.
Vega salmon has the capacity to grow. Products include fresh and frozen salmon, cold smoked, hot smoked, marinated salmon, value added salmon and leftover salmon.
Vega He was founded in 2004. At that time, the seafood processing industry was mainly a price competition, and cost reduction was the key.
Quality, food safety and sustainability were buzzwords rarely mentioned in a world dominated by price concerns.
The company quickly realized it needed to change its game. Consumers were becoming more demanding about quality and food safety, and the world needed gentler methods of producing food.
So they set out to find ways to offer better quality in a sustainable way while maintaining competitive cost levels.
The answer was to combine the latest technology with lean manufacturing principles. They designed a unique new processing facility just across the Danish border in Handewit, Germany, which he opened in 2012 as one of the most advanced seafood processing plants in the world.