Iceland Seafood International (ISI) has acquired Spanish frozen seafood company Elba, which is based in Barcelona and operates a facility with a sales volume of 2,200 metric tons a year.

The estimated turnover of the company in 2019 is €14.5 million ($16 million) and the projected earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year is in the range of €450,000 ($495,932).