Italian PE fund has big plans for seafood following its first acquisition in the sector

Arcadia SGR snapped up salmon smoker Starlaks Italia in February with plans to double its revenues to €30 million over the next five years -- and it is already planning further potential add-on acquisitions.

'We must be ambitious,' said Simone Arnaboldi, CEO of Arcadia. 'We consider this sector very fragmented, so we believe there is the opportunity to consolidate the market.' — 'We must be ambitious,' said Simone Arnaboldi, CEO of Arcadia. 'We consider this sector very fragmented, so we believe there is the opportunity to consolidate the market.'Foto: Arcadia

Dominic Welling

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Published 1 March 2021, 07:54Updated 1 March 2021, 13:23