Nergård fish processing plant. (Photo: Nergård)
Norsk Sjømat and Samherji raise shares in Nergård
(NORWAY, 4/28/2017)
Norwegian processing firm Norsk Sjømat and Icelandic group Samherji have increased their shares in the Norwegian fishing group Nergård in an attempt to invest in processing, manufacturing and development of new whitefish products in Northern Norway.
Nergård is Northern Norway’s second-largest firm and has more than 470 employees. Norsk Sjømat has been a co-owner of Nergård since 2010 and controlled about 42 per cent of the company before the new acquisition, a percentage that it has now increased to 60.1 per cent. For its part, Samherji became a co-owner in 2014 and controlled 22 per cent in total and will now own 39.9 per cent.
“We want Nergård AS to develop from being a supplier of raw materials and semi-finished products to becoming a manufacturer of finished products. A lot of this value added processing will take place in Northern Norway. Our position is that processing and manufacturing as close to the source of raw materials as possible is key to delivering the world's best products,” pointed out CEO of Norsk Sjømat, Per Magne Grøndahl.
The entrepreneur stressed that they see a lot of opportunities in how Nergård has set up their infrastructure to now be able to deliver fresh cod throughout the year. He also commented they expect Nergård will be able to offer cod with sashimi quality.
Norsk Sjømat is based in Stranda in Sunnmøre county, Norway, and has more than 30 years’ experience in the fish processing industry.
Samherji processes and operates two filet factories in Akureyri and Dalvik, Iceland, which are operated all year round on raw materials from their own trawlers and the coastal fleet. They process around 30,000 tonnes of raw material into high quality fillet products sold worldwide.
“We look forward to cooperating with Norsk Sjømat to make a good company even better and stronger. We believe that Samherji's knowledge and strategy will help Nergård become a more vertically integrated company with a special focus on value added processing and sustainability,” stated Samherji CEO, Thorsteinn Mar Baldwinnsson.
The acquisition must still be approved by the Norwegian authorities.
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