Il Faro Quality Fish

Panapesca, an Italian seafood processor, has announced the acquisition of 65% stake of Italian ready-to-eat company Il Faro Quality Fish, for an undisclosed sum. According to sources, this deal is part of Panapesca’s industrial development plan, to enter on the ready-to-eat market segment and consolidate its presence in the northeast of Italy. Fabrizio Paesini, CEO of Panapesca, commented: “We had been focused for some time on the acquisition of a …