- Andromeda Group
Andromeda Group is a fast growing group of companies in the Mediterranean Aquaculture industry. The operating structure of five efficiently sized clusters strategically located in Greece and Spain enables distribution throughout Europe and North America within 48 hours from harvesting. The main attribute of Andromeda Group is the high quality and true freshness of its products, combined with a sophisticated distribution network.
Andromeda Group currently employs a total of 640 people and is vertically integrated with operations in fry, farming, packaging and value-added products (VAP). Sea bream, sea bass and corvina are the main species that the company produces. With the support of AMERRA Capital Management LLC, an independent investment firm focused on the international seafood and aquaculture industry, Andromeda is aiming at establishing itself as a leader in Mediterranean Aquaculture.
On June 20, 2018, Andromeda Group announced that it has agreed to acquire, subject to merger control approvals and other customary conditions, majority stakes in two large Greek fish farming companies: Nireus SA and Selonda SA. On February 15, 2019, the transaction was approved by the European Commission, subject to certain remedies upon the completion of which closing of the transaction will take place. The transaction includes the participation of Mubadala Investment Company as shareholder in the combined business, together with Andromeda’s majority partner AMERRA Capital Management LLC.