SalMar acquires controlling stake in Knutshaugfisk
SalMar has agreed to acquire a controlling interest in Knutshaugfisk, a family-owned aquaculture company based in Hitra, Norway. The transaction, announced earlier in November, will be settled through a combination of cash and shares.
Knutshaugfisk operates four farming sites in Production Area 6 in Central Norway, with licenses covering a maximum allowable biomass (MTB) of 3,464 tonnes.
“Knutshaugfisk is a well-run family business with which we have developed a close and value-creating collaboration over many years. SalMar’s acquisition of a significant stake in the company is a natural continuation of this partnership,” said Frode Arntsen, CEO of SalMar.
The transaction is subject to regulatory approvals and is expected to be completed by January 2025.
