Grieg Seafood has agreed to sell its operations in Finnmark and Canada to Cermaq.
The NOK 10.2 billion deal includes sites in Newfoundland, British Columbia, and Finnmark. It also covers Grieg Seafood’s North American sales division.
The sale is cash and debt free. It is subject to competition approvals.
Company shifts focus to Norway
Grieg Seafood will now focus on Rogaland in Western Norway. The company plans to harvest 30,000 tonnes of salmon there in 2025.
The buyer, Cermaq, will continue operations in the acquired regions.
Impact on seafood supply
The Grieg Seafood Cermaq deal changes the global salmon supply chain. It affects seafood sourcing in Norway and North America.
Both companies highlighted sustainable farming and long-term value in rural and Indigenous areas.
The Grieg Seafood Cermaq deal marks a major shift in the fresh food category.
