Saga Corporate Finance acted as the sole financial advisor for the owners of Friele Foods AS in connection with the sale to W. Giertsen AS
Friele Foods AS markets and distributes Norwegian and international brand products within a range of categories to the Norwegian food retail industry. In 2019, the company reported net sales of approximately 82 MNOK. The business is headquartered in Bergen and employs about 7 people.
After the transaction, Friele Foods will be a part of the Bergen-based industrial investment company W. Giertsen AS.