PELAGIA FULLY ACQUIRES HORDAFOR

Pelagia fully acquires Hordafor. Pelagia – the Norwegian pelagic fish processor – has signed an agreement to purchase the remaining 50% in Hordafor AS.

The relevant competition authorities have approved the agreement where Pelagia AS buys 50% of the shares in Hordafor AS from Partrederiet Karoløs ANS and one smaller shareholder and Pelagia now owns 100% of the shares in Hordafor, which specialises in the production of marine feed ingredients and other by-products from pelagics.

“We are very pleased with the approval,” says CEO in Pelagia AS, Egil Magne Haugstad.

“There are several reasons why Pelagia and Hordafor are a good match. We can achieve much more together than individually, and together we can provide our customers and partners with even better products and services.”

“Hordafor complements Pelagia in many areas, such as logistics, service solutions and product mix.

“Although Pelagia now owns 100% of the shares in Hordafor, this does not mean operational changes for Hordafor and for Hordafor`s customers and partners, it will be business as usual.”

Haugstad emphasizes that there is no planned downsizing in connection with the purchase.

“We are impressed with the staff in Hordafor, and welcome everyone into the group.”

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About Pelagia

Pelagia AS is a leading producer of pelagic fish products for human consumption, and an important supplier of essential ingredients in all kinds of fish- and animal feed; protein concentrate, fishmeal, and fish oil. Pelagia is also 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. 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).

The Food division exports close to 100% of its products, while Feed’s products are mainly sold in the domestic market as essential ingredients in fish- and animal feed production. It is therefore right to say that close to 100% of the wild pelagic fish is utilised, and ends up at someone’s table, some day, either directly or indirectly.

Austevoll Seafood ASA and Kvefi AS own Pelagia  in a 50/50 share split. Egil Magne Haugstad is the company’s CEO.

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