Spain’s Angulas Aguinaga buys majority stake in salmon smoker Riunione

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Surimi makers buy Italian firm that specialises in Norwegian and Scottish sourced smoked salmon.

In a press release on Wednesday – first reported in Askanews – Spanish surimi makers and value-added seafood producers Angulas Aguinaga writes that it has acquired a majority stake in the Italian salmon smoker Riunione.

Once the deal is closed, Angulas Aguinaga said that this would boost its overseas sales to reach 36% of its income, “five times bigger than it was in 2016”, it wrote.

Portobello Capital aquired Angulas Aguinaga in 2006.

The company said that the deal is part of the strategic plan of the company 2017-2020, which is planned to reach EUR 220 million of turnover at the end of 2020.

In a statement, the Basque company has indicated that this agreement “allows it to join forces.” Riunione’s CEO Andrea Coppola will continue to lead the company at its operations in Genova, Italy.

“The entry into the field of Angulas Aguinaga will be an impulse that will allow us to continue growing with new inputs compared to the modern fishing sector and consolidate the leadership of Riunione”, said Coppola.