Russian Aquaculture acquires processing facility

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30,000 tonnes per-year processing capacity added.

In a press release posted on Finam, Russian Aquaculture writes that has exercised an option to buy the remaining 60 per-cent shares of the processing facility “Three Ruchy and Murmanrybprom”.

The primary fish processing facility is based in the Barents Sea, Murmansk region, close to its fish farming operations.

Taking into account the value of the option, the transaction amounted to RUB 358.5 million (EUR 4 million).

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As a result of the implementation of the option, Russian Aquaculture now owns the company outright.

“The facility, which currently has a capacity of 30,000 tonnes per year, has modern equipment for processing salmon, refrigeration warehouse, developed infrastructure, and is located in convenient transport accessibility from existing and new company farms,” Russian Aquaculture said in a statement.

Russia’s largest aquaculture company farms Atlantic salmon and sea trout in the Barents Sea (in the Murmansk region), and commercial farming of trout in the lakes of the Republic of Karelia. The total potential production volume for these 37 sites is around 50,000 tonnes.

The company has a target of producing 35,000 tonnes by 2025.