Platinum Equity to buy majority of Iberconsa from Portobello Capital

Platinum Equity said March 7 that it agreed to buy a majority of Grupo Ibérica de Congelados SA. Sellers include Portobello Capital and affiliates of the company’s founding families. Financial terms weren’t announced. Iberconsa, of Vigo, Spain, provides frozen seafood products, including hake, Argentine red shrimp and squid.

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