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Grieg Seafood acquires Grieg NL

Feb 10, 2020

MARYSTOWN, N.L. — Grieg Newfoundland Salmon Ltd. (Grieg NL) has been acquired by Grieg Seafood.

According to a release issued by Grieg NL on Feb. 6, the company’s Placentia Bay aquaculture project is progressing steadily and will soon be ready for the first eggs to be released into its new freshwater facility.

“I am very pleased that Grieg Seafood has deemed our Newfoundland project worthy of inclusion in their family of regions,” Grieg NL general manager Knut Skeidsvoll said in the release.

“I am particularly proud of the accomplishments of our local team over the past five years in building this project. This is also a wonderful statement for the bright future of the aquaculture industry in Newfoundland.”

Grieg Seafood is the seventh largest salmon farming company in the world, the release states, with production in Norway, Scotland and British Columbia in Canada. This year, the company, which is headquartered in Bergen, Norway, will harvest 100,000 tonnes of salmon.

Grieg NL’s development plans and agreements with local companies or governmental authorities will be honoured and continued, and plans for service and processing remain unchanged, the release states.

The Newfoundland project will create at least 37 direct jobs on land and 101 direct marine jobs when it is completed, according to the release.

“We will bring our best practices, technology and experience to develop the Placentia Bay farming region with the lowest possible environmental footprint. We will use the highest industry standards with transparency and integrity,” Grieg Seafood CEO Andreas Kvame said.

“We are committed to be a good partner to the residents of Burin Peninsula and Placentia Bay areas from Fortune to Swift Current, St. Lawrence, Long Harbour, Marystown, Petite Forte and all points between.

“We are here to grow and hope to become an integral part of the local economy and community. We also look forward to continuing the close partnership with Ocean Choice International.”

Grieg NL signed a memorandum of understanding with the province to produce Atlantic salmon on seawater grow-out sites across four areas of Placentia Bay in 2015.

A salmon hatchery is currently under construction in Marystown.

Three licences for seawater sites have been approved with others in the application process, the release states.