Norwegian Salmon Farmer Måsøval Acquires Fellow Aquaculture Firm for $170 Million
Norway-based salmon farmer Måsøval has purchased fellow salmon farmer Vartdal Invest in a NOK 1.5 billion deal (US$170 million).
Måsøval will acquire 100% of the shares of Vartdal entities Aquafarms Vartdal AS, Vartdal Fiskeoppdrett AS, Urke Fiskeoppdrett AS, Western Seaproducts AS (processing) and Vartdal Fryseri AS (Vartdal Group).
“The acquisition of Vartdal Gruppen is a testament to Måsøval's growth strategy, as communicated during the IPO process in June 2021. This acquisition strengthens our position in PA 5 and support...
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