Alsaker has signed a binding agreement to acquire 100% of the shares in Bolaks Group, creating what the buyer described as the largest privately owned salmon farming business on Norway’s west coast.
In a statement, the companies said the combined group will have more than 25,000 tonnes of maximum permitted biomass (MTB) across production areas PO2 and PO3. They added that total production potential is expected to exceed 50,000 tonnes.
Alsaker said the transaction will allow the group to further integrate and optimise its value chain, citing more coordinated use of smolt facilities, farming sites, wellboats, service vessels and slaughter capacity. The company said it expects operational synergies across production and logistics and that the acquisition will support local employment.
Bolaks chair Grunde Bruland said the deal would secure Bolaks’ operations and continued investment in Bjørnafjorden. He said the company expects to be stronger as part of Alsaker, which he described as a well-run aquaculture group.
Alsaker, wholly owned by Gerhard Alsaker, holds 24 licences and operates an integrated value chain including its own smolt facilities, slaughterhouse, wellboat and service vessels.
Bolaks operates in Bjørnafjorden municipality and holds 10 commercial food-fish licences, two broodstock licences and a permit for land-based aquaculture production.
Bolaks is also the majority owner of Sævareid Fiskeanlegg, which the companies said provides integration from broodstock and roe to food-fish production.
