SalMar aquires Villa Milijølaks AS

SalMar announced its entry into an agreement to acquire 100 percent of the shares of Villa Miljølaks AS a fish farming company. Villa Miljølaks AS hold three fish farming licenses. Two for the production of organic salmon (awarded in the licensing round in 2009) and a research and development license that ends on December 31, 2012 in addition, the company operates an R & D license for Aalesund University College that runs until June 2012.

The R and D licenses are aimed at projects related to the wrasse/cleanerfish to combat sea lice in the salmon pens. It is also an area where the SalMar group hold considerable expertise, completion of the transaction is subject to due diligence, board approval and approval from competition authorities in Norway. The transaction is scheduled to be completed 11 July. Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers