Kverva-backed seafood company Insula has bought a 68 percent majority stake in Danish canned seafood producer Amanda Seafoods for an undisclosed sum.

Kverva began ramping up its investments in seafood through the establishment of its holding company Insula in 2015.

Amanda Seafoods is located in Jutland, Denmark and is engaged in the production and sales of canned seafood products. Its main product is cod roe; around 40 percent of sales come from exports.

The company has been in the seafood business for more than 100 years.

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