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Norway’s Nordlaks to provide Atlantic Sapphire RAS knowledge

March 17, 2023  By  Nestor Arellano

The RAS smolt facility of Nordlaks in Innhavet, Norway (Image: Nordlaks)

Norwegian aquaculture company Nordlaks intends to provide recirculating aquaculture system (RAS) know-how to Atlantic Sapphire.

Nordlaks became an owner of Atlantic Sapphire in 2022 and this week invested US$10 million in the Miami-based Atlantic salmon producer. On March 16, Atlantic Sapphire also reported that it raised $55 million through a private placement at the Oslo Stock Exchange.

Three other companies had pre-committed to subscribe for offer shares in the private placement:

  • Strawberry Equities AS for the NOK equivalent of $6.5 million;
  • Blue Future Holding AS owned by EW Group, a leading global provider of animal genetics, nutrition and health products, for NOK 50m ($6.3 million); and
  • Joh Johannson Eiendom AS, also for NOK 50 million (US$6.3 million)

Prior to the issue, Nordlaks held 4.8 per cent of shares in Atlantic Sapphire. Now,  Nordlaks has become a major shareholder of Atlantic Sapphire holding 10.6 per cent of the company and will implement a cooperation agreement with the Miami-based firm within the first quarter of 2023.

Nordlaks plans to provide Atlantic Sapphire with its knowledge and experience on operation, design and engineering of large-scale saltwater RAS, according to a report from the Norwegian newspaper iLaks.

Nordlaks Smolt AS operates one of the world’s largest smolt facilities in Innhavet, Hamarøy in Norway. The RAS facility produces 2,400 tons of smolt annually. Due to increased demand, Nordlaks invested $74 million in a major expansion of the facility.

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