NRS/SalMar merger “will provide increased power and value development across the companies”

by
Aslak Berge

The new salmon giant had synergies in focus during today’s press conference about the NRS/SalMar merger.

They were united but it was SalMar’s CEO, Linda Litlekalsøy Aase, who directed today’s press conference in Trondheim, Norway.

“The merger will provide increased power and value development across the companies in aquaculture technology,” she said, referring to hatcheries, slaughterhouses, processing and offshore salmon production – in which both merger partners are involved.

Read also: Norway Royal Salmon to merge with SalMar

Center of gravity
Much of the salmon is to be produced offshore.

“By 2030, our goal is to produce 150,000 tonnes of salmon – and as usual – on the salmon’s terms,” she said, reiterating the message SalMar founder Gustav Witzøe and business partner Kjell Inge Røkke said during the AquaNor fair last summer. .

SalMar has traditionally had its center of gravity in the middle of Norway, but is now increasing significantly in Northern Norway and Iceland.

Charles Høstlund

“We are now establishing the largest salmon player in northern Norway, with a production potential of 120,000 tonnes,” she continued.

Know each other
“The history is not as long in Iceland, but we are both there, and the companies know each other well of course,” NRS manager Charles Høstlund said, adding that the duo together can produce 50,000 tonnes in Iceland.

“This merger means that both parties can take part in the synergies,” Linda Litlekalsøy Aase said, adding that “We welcome the NRS shareholders.”

She made no secret of the fact that the new SalMar/NRS will grow offshore and in Iceland and Norway.

“If the conditions are satisfactory, we are at the traffic light auction,” she said.

“Now we will create something exciting together. It will be nice,” Høstlund said, concluding the relatively concise and focused press conference.

Former SalMars CFO Gunnar Nielsen, Charles Høstlund, SalMars IR manager Håkon Husby and Linda Litlekalsøy Aase.
Newsletter