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Grieg Seafood Sells Canadian Operations to Cermaq for $1.3B

7/18/2025

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Summary

Story summary

Grieg Seafood has sold its Canadian and northern Norwegian operations to Cermaq for 10.2 billion NOK ($1.3 billion CAD).
The acquisition encompasses assets in Newfoundland, employing 110 people and managing 14 seawater licenses.
Cermaq plans to boost sustainable practices and increase production capacity to 280,000 tons by 2027.
The deal awaits approval from competition authorities.
Grieg Seafood will concentrate on its core operations in Rogaland, Norway.

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Story summary

Grieg Seafood has sold its Canadian and northern Norwegian operations to Cermaq for 10.2 billion NOK ($1.3 billion CAD).
The acquisition encompasses assets in Newfoundland, employing 110 people and managing 14 seawater licenses.
Cermaq plans to boost sustainable practices and increase production capacity to 280,000 tons by 2027.
The deal awaits approval from competition authorities.
Grieg Seafood will concentrate on its core operations in Rogaland, Norway.