A. Espersen has taken a majority stake in Aladdin Seafood, a former customer, in order to expand its sales of light-salted whitefish and breaded products into Spain.
Aladdin Seafood, which was founded in 2006 by former Icelandic Group executive Olafur Olafsson, was a former customer of the Danish whitefish processing group.
Olafsson will serve as managing director of the company, renamed Espersen Seafood. He will retain a minority stake in the company.
Aladdin reported growth in 2009 and 2010, but this had stalled in 2011, as the tough economic situation in Spain hit home, Olafsson told IntraFish.
Being
