Private equity group 8F buys RAS equipment supplier, creating vertically integrated land-based salmon farmer
The new company’s first project will be the construction of a NOK 1.2 billion smolt facility for salmon farmer Salmar.
Land-based fish farmers face new challenges as investors tighten their wallets, but financial upsides of sector prevail
The land-based sector is aligned with what investors are seeking at the moment.
The company now has product across French, Middle Eastern and Japanese retail stores.
Brazilian meat giant JBS, Bolton Group, Slade Gorton and Clearwater participated in the most eye-catching M&As of the more than 40 deals announced or completed so far this year.
8F, the global investment firm behind the land-based salmon farming company, acquired the aquaculture division of Kruger Kaldnes from Veolia in June.
Move comes under a partnership with the Abu Dhabi Investment Office (ADIO), which will see the company benefit from financial and non-financial incentives.
Earlier in July the company launched its brand in retailers in Abu Dhabi and Dubai for the first time.
The contractâ€™s potential volume represents more than 80 million eggs per year at full capacity with the first delivery expected in 2022.
The fund will support four facilities in Poland, Japan, France and the United States.