Norway

By expanding operations, CFEED is addressing industry demand and reinforcing the role of sustainable feed in the future of aquaculture.

Norway’s move to broaden its testing scope reflects a proactive approach to safeguarding fish welfare, consumer safety, and the reputation of its farmed salmon industry.

Industry representatives are questioning the continued importantion of expensive raw materials like soy when other alternatives can be produced locally.

Skretting is a leading manufacturer of aquafeed, producing options that support fish and shrimp throughout all life cycle and production needs.

The acquisition will expand Cermaq’s operations in regions where it already has a presence, Finnmark and British Columbia, and introduce it to the Newfoundland market.

Together, the two companies developed pellets with a slower sinking speed, allowing the fish more time to eat.

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.

The ASC Feed Standard sets a high bar for sustainability, requiring certified facilities to meet rigorous criteria in areas such as responsible raw material sourcing, labour practices, traceability, and environmental management.

His new position consolidates the sustainability and communications functions at Skretting.

His appointment marks a significant internal promotion and reinforces the company’s commitment to continuity, innovation, and sustainable aquaculture.