Vigo-based Grupo Profand, one of Spain's largest seafood companies and a long-time supplier to Spanish retail chain Mercadona, has acquired a majority stake in Greek seabass and seabream producer Kefalonia Fisheries.

The move is in line with Profand's international expansion plans and increases its access to strategic raw materials, it said.

The addition of Kefalonia Fisheries will boost the group's presence in aquaculture production, specifically in seabream and seabass.

"Thanks to this addition we strengthen our position within seabream, seabass and corvina, being able to control all the stages of the production process," said Enrique Garcia, CEO of Grupo Profand.