Paine Schwartz Partners (formerly Paine & Partners)-owned Scanbio Marine Group will most likely be sold during the second half of the year, CEO John Binde told IntraFish.

"It's not a formal decision, and I want to stress that, but it's well known that we will be divested at some point," he said. "A decision will probably be taken at a board meeting this September."

An official sales process could start shortly after, he said.

US investment firm Paine Schwartz Partners acquired the Trondheim-based fish byproducts processor for an undisclosed amount in summer 2011.