Grieg Seafood AS and Volden Group agree to merger – Fishupdate.com

Grieg Seafood AS and Volden Group agree to merger Published:  18 October, 2006

THE boards of Grieg Seafood A/S and Volden Group have agreed to merge, forming Norway’s third largest fish farming company, under the name Grieg Seafood A/S.

The new company will base its main activities in Rogaland, Finnmark and Canada, Stavanger according to the Norway Post.

The plan is for Grieg Seafood to increase turnover by 50 per cent in the course of the first three years.

This year’s production looks to reach 27,000 tonnes of trout and salmon, but already in 2008 it is estimated that the new company will reach a production of 55,000 tonnes.

Norway’s two largest fish farming companies are PanFish and Leroey.

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