Grieg Seafood Explained

Grieg Seafood ASA
Type:Allmennaksjeselskap
Foundation:1992
Location:Bergen, Norway
Key People:Morten Vike (CEO)
Ivar Kvangardsnes (Deputy CEO)
Helge Nielsen (Chairman)
Area Served:Global
Industry:Seafood
Products:Salmon
Trout
Revenue: NOK 536 million
Operating Income:NOK 170 million
Num Employees:410 (2007)

Grieg Seafood is an international seafood company with fish farms in Rogaland and Finnmark in Norway, British Columbia and Shetland. The company specializes in fresh Atlantic salmon. It has an annual production of 80,000 tonnes of salmon and trout. The company is based in Bergen, Norway, and listed on the Oslo Stock Exchange.

The company was listed on 20 July 2007. The largest owners are Grieg Holdings (40.63%) and Halde Invest (20.54%). The corporation was previously a subsidiary of the Grieg Group, and is still co-located with its largest owner in Downtown Bergen. In 2006, the company performed a merger with Volden Group[1] and has previously also operated in Denmark and Chile.

The company is "licensed to produce 23,400 tonnes of salmon annually to North American and Asian markets." The Global Aquaculture Alliance, a standards-setting organization for seafood, has awarded Grieg Seafood as Best Aquaculture Practices (BAP).[2] [3]

Together with Marine Harvest and Cermaq, Grieg controls more than 90% of the salmon farming industry in British Columbia, Canada.[4]

Notes and References

  1. News: Grieg Seafood AS and Volden Group agree to merger . 22 December 2021 . Fish Farmer . 18 October 2006.
  2. Web site: Company - Grieg Seafood, British Columbia, Canada. Grieg Seafood Canada. en-US. 2020-03-23.
  3. Web site: 2020-09-16. How the pandemic ushered in a marketing evolution at a B.C. aquaculture firm. 2020-10-15. Campbell River Mirror. en-US.
  4. Web site: 2018-04-21. A Deep-Dive Into the Controversy of Salmon Farming In BC. 2020-10-15. Douglas Magazine. en-US.