SalMar, the Norwegian fish farm company and one of the world's largest producers of farmed salmon, is to acquire 45% ownership in family-owned Refsnes Laks.
SalMar. Credit: SalMar ASA
Credit: SalMar ASA
Refsnes Laks AS, a family-owned company building on wide-ranging experience in sustainable fish farming, currently has four licenses for the production of Atlantic salmon and a time-limited viewing license in Central Norway.
SalMar is one of the world’s largest and most efficient producers of farmed salmon, pursuing its farming activity along the coast of Norway from Møre og Romsdal in the south to Troms og Finnmark in the north.
The company aims to safeguard the seas, while maximising its salmon production, by contributing to the development of new technology to continue to reduce its biological footprint.
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To this end, the company has developed, along with its partners within aquaculture, offshore and relevant research, the world’s first ocean-based farming facilities, The Ocean Farm 1 pilot project has introduced a new and innovative technology that will benefit the entire industry.
Offshore fish farming moves salmon to their natural habitat, which allows for farming at the terms of the salmon to a greater degree than is possible today.
Chairman of the board of Refsnes Laks, Ivar Refsnes emphasised that for many years a close and value-creating collaboration has been developed between SalMar and Refsnes. This applies to production, processing and sales in an international market. SalMar's acquisition of a significant ownership interest in the company is a natural continuation of this collaboration, he said.
The transaction gives SalMar further sustainable growth in the immediate vicinity of existing fish farming areas in Central Norway and it will be a good industrial solution that ensures significant synergies and further development of existing activity and operational competence.
The completion of the transaction is conditional upon that the Norwegian Competition Authorities does not intervene against the transaction.
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