Grieg Seafood sells its Shetland operations to Scottish Sea Farms @griegseafood.com
CAMPBELL RIVER – Grieg Seafood ASA has successfully completed the share purchase agreement of its Scottish Sea Farms Ltd. Shetland operations, which was first announced in June, on December 15.
With the announcement, Grieg states it will narrow its focus, resources and investments to Norway and Canada. Grieg operates substantial fish farming operations throughout the North Vancouver Island region.
Andreas Kvame, CEO of Grieg, says ““The sale represents an important milestone in our communicated strategy to concentrate future farming activities in Norway and Canada, where we see the largest potential for profitable and sustainable growth.”
Grieg Seafood ASA is one of the world’s leading salmon farmers, targeting 130 000 tonnes of harvest (GWT) in 2025. Their farms are in Finnmark and Rogaland in Norway, British Columbia and Newfoundland in Canada, and Shetland in the UK, and their headquarters are in Bergen, Norway. The companies has over 900 employees.