Mowi will retain its existing feed business unit ensuring that production stays in-house while benefiting from Skretting’s formulations.
NORWAY – Mowi is accelerating its shift toward closed containment aquaculture, announcing plans to order four new sea-based post-smolt facilities in western Norway as part…
The company’s feed division, Mowi Feed, also reported record earnings and its second-highest sales volumes.
In other news, Mowi Canada East reported a large mortality event at three of its sites, resulting in the loss of approximately 400,000 fish.
The deal also includes an equity covenant of at least 35% and features an “accordion” option, allowing for an additional US$431 million subject to lender approval.
Under the new ownership, all existing jobs tied to these farms will be retained, ensuring a seamless transition for employees and the continuation of day-to-day operations.