Iceland Seafood International (ISI) has signed a letter of intent with the Swedish company Mondi Group to acquire all the issued share capital of Carrs & Sons Seafood Limited Ltd, an Irish seafood processing company specializing in smoked salmon production.
ISI will acquire a 100 percent stake in Carrs & Sons for €6.5 million ($7.7 million).
With the acquisition of Oceanpath in March 2018, Iceland Seafood established a foothold in the Irish seafood market.
