Skretting-parent company Nutreco has invested in Laxey.
Aquaculture feed producer Skretting, has committed to supplying feed to the Laxey hybrid flow-through salmon project in Vestmannaeyjar, Iceland.
This partnership is part of Skretting’s broader strategy to strengthen its position in the rapidly growing Icelandic salmon market and support its expansion into closed aquaculture systems (CAS), according to a press release from the company issued on Monday.
Laxey, established in 2019, has recently completed a €40 million capital increase, with Nutreco, Skretting’s parent company, among the new investors.
The project aims to leverage the natural advantages of land-based aquaculture in Iceland and the local fishing heritage of the Oskarsson family, Laxey’s main owners, who have been in the fishing industry for 75 years.
Laxey successfully completes €40 million private equity placement
The capital raised will aid Laxey’s goal to produce 4,500 metric tons of salmon by 2025, with plans to expand to 27,000 metric tons by 2030. Skretting will provide Laxey with feed throughout the project’s build-up phase, enhancing the partnership’s potential for long-term cooperation.
“In Skretting we believe in close and long term collaboration with fish farmers in order to release the full potential from nutrition, feeding and efficient logistics,” said Håvard Walde, General Manager of Skretting Norway.
“We are very proud to partner with LAXEY. This partnership puts us in a good position to prepare for our next steps in Iceland.”
Therese Log Bergjord, CEO of Skretting, also noted the investment signifies Skretting’s commitment to supporting Icelandic aquaculture.
“Laxey has great prospects, and we are honoured to be a part of their journey. With this investment, Skretting is also committed to supporting and further developing the Icelandic aquaculture industry,” says Therese Log Bergjord, CEO of Skretting.
