Salmon farmer Ice Fish Farm announced over the weekend that Infectious salmon anemia (ISA) has been identified at the site of one of Laxar’s farming operations in East Iceland, hitting the company’s expected harvest volume.
The Vattarnes site has approximately 1.1 million fish, with an average weight of 2.7 kg, according to the statement released by the company, with Ice Fish Farm admitting it’s currently “difficult to estimate” the consequences of the disease detection.
However, Ice Fish Farm was clear that “it will probably reduce Laxar’s expected harvest volume for 2022 and 2023.” Despite the impact on the company’s harvest volume, Ice Fish Farm added that “finding the virus is considered to reduce the overall risk in the operations”.
Back in April, Ice Fish Farm’s board formally approved a share purchase agreement for the acquisition of Laxar. Ice Fish Farm will assume ownership of Laxar and its subsidiaries through the deal, with the consideration paid in newly issued Ice shares. The transaction is expected to be complete by the end of Q2 in 2022.