Norwegian competition authority approval needed
Pelagia AS reached a deal to acquire Norsk Fiskeindustri Invest (NFI), owned by Arne Stang. He is the former Nergard chairman and investor. The North Atlantic pelagic giant confirmed the deal required Norwegian competition authority approval.
NFI holds 51.05 % of fishmeal and oil producer Karmsund Protein, and 51 % of Husoy Eiendom Karmoy. On the other side, between salmon and fisheries group, Austevoll Seafood ASA and Kvefi AS, they own in 50-50 joint venture Pelagia Holding.
About Pelagia AS
Pelagia AS is a leading producer of pelagic fish products for human consumption. Also, the company supplies essential ingredients in all kinds of fish- and animal feed; protein concentrate, fishmeal, and fish oil.
In addition, Pelagia is, through the company Epax, a leading global producer of concentrated marine-based omega-3 fatty acids for dietary supplement and pharmaceutical preparations.
Pelagia operates 28 departments in Norway, United Kingdom, Ireland, Denmark, and Ukraine. Moreover, twenty-five are 100% owned, while three are partly owned associates, and the operation is divided into three divisions; Food (consumption), Feed (protein concentrate, fishmeal, and fish oil), and Health (dietary supplements and pharmaceutical preparations).