Final contract has now been signed, with a formal takeover anticipated in the coming days.
Norwegian salmon producer Måsøval has completed the acquisition of Mowi’s harvesting facility at Ulvan Hitra Municipality, as announced in their stock exchange statement on 4 January 2024.
The final contract has been signed, with a formal takeover anticipated in the coming days, according to a press release from the company on Friday.
“I am very pleased with the acquisition of the harvest facility, an important milestone for Måsøval in our process of vertical integration of the value chain. In addition to the increased capacity and flexibility we now control and have in-house, it also provides VAP capabilities. In sum it gives us increased flexibility towards our production and, importantly, we can meet better market demands” said CEO Helge Kvalvik.
The purchase of Mowi’s former slaughterhouse at Ulvan in Hitra signals a strategic move for Måsøval, allowing for increased operational control and the potential for fillet production.
