Icelandic Puts Cod Processor Ný-Fiskur Up for Sale as Part of Strategy to Shrink Operations
SEAFOODNEWS.COM [SeafoodNews] September 26, 2016
The Board of Icelandic Group announced its plan to sell its Icelandic subsidiary Ný-Fiskur as part of the company’s plan to streamline its operations.
Ný-Fiskur is one of Icelandic’s four subsidiaries. The operation, which is based in Sandgerði, specializes in the production and sale of fresh seafood products and processing about 6,000 metric tons of raw material annually. The company also owns a commercial fishing vessel, Von GK-113, and 800 metric tons of cod quotas.
Ný-Fiskur distributes a significant portion of its products, with air freight, to customers in Belgium and other European countries. The company is projected to post about EU23 million in revenues this year...
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