Fishing company in expansion mode

THE expanding Icelandic fishing and fish processing company Fisk Seafood has moved to strengthen its position with another key purchase.

Fisk says it has reached agreement to buy all the shares in the family processing business Soffaníasi Cecilssyni which has operations in the port of Grundarfjordur where Fisk also has a base. The deal still has to receive approval from the country’s competition authority.

It said in a joint statement: ‘Fisk Seafood is now strengthening itself as one of the country’s most powerful fisheries companies.

‘We are also continuing to further diversify our operations in fisheries, fish processing and sales that have been built over recent years.’

It added that it planned to ensure a continued strong operation in Grundarfjordur. Soffaníasi Cecilssyni said the time had come to sell to a company committed to the port.

Meanwhile, watched by a large crowd, Fisk Seafood recently celebrated the arrival of its new super trawler, the Drangey SK-2, which came into its home port of Sauðárkrókur for the first time.

Fisk managing director Jón Edvald Friðriksson said: ‘The construction of this ship is a major step in establishing Skagafjörður as one of the most powerful fishing and processing  areas in the country.

‘The arrival of the ship is therefore not only an important event in Fisk’s history, but also in the community here in Skagafjörður.’

Built in Turkey, the new Drangey is 62.5m long and the width is 13.5m. The ship has 2,081 gross tonnage and a cruising speed of 14 knots. Fisk is planning more new vessels as the modernisation of Iceland’s trawler fleet gathers pace.

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