News Management
Ikea heir, investors buy into Sweden’s Re:Ocean

The youngest son of Ikea’s founder, along with other investors, have formed a consortium to own a stake in Re:Ocean, one of the largest land-based aquaculture projects in Sweden.

The Cibonum Group AB is formed by investors focused on promoting sustainable and local salmon farming in Sweden. Re:Ocean bills itself as the “first large-scale investment in salmon farming in Sweden.” The company aims to produce 10,000 tons of salmon annually by 2026.

Re:Ocean’s planned recirculating aquaculture systems (RAS) plant in Säffle is expected to be in full production by 2025.

Among the high-profile investors in Cibonum are Mathias Kamprad, Per Josefsson, Pelle Törnberg and Per Lindberg. Kamprad is the youngest son of Ivan Kamprad, founder of the multi-national Swedish furniture conglomerate, Ikea.

Mathias and his brothers own Ikano Group, which manages Ikea’s real estate and financial services businesses. Ikea is one of Sweden’s largest buyers of salmon fillets.

Josefsson is a Swedish investor and philanthropist. He is one of the founders and principal owners of Brummer & Partners. Törnberg is an experienced chairman and director of more than 10 international companies including the Modern Tims Group. Lindberg has held several executive positions, including chief executive officer at Epiroc, CEO at Korsnäs, and vice-president at Kinnevik.

“We want to be the financial anchor for Re:Ocean and together with our industry knowledge we provide a solid foundation for Re:Ocean’s expansion and its mission to innovate salmon farming in Sweden,” said Anders Svensson, chairman of the Cibonum Group, in a press release. “Re:Ocean is revolutionizing the fishing industry with land-based salmon farming in Säffle, which can meet 20 percent of Swedish consumers’ demand for salmon.”