"We have had a good business relationship with Vesterålen Marine Olje for quite some time, where they have been an important supplier of raw materials for Möller's Tran cod liver oil. We are now acquiring an ownership interest with a view to further developing the business and creating value for suppliers, customers and coastal communities in the region as well as for ourselves," says
Vesterålen Marine Olje, which has offices and production facilities in Myre, also comprises the subsidiaries Vesterålen Marine Proteiner AS and Vesterålen Marine Ingredienser AS in addition to a 30 per cent equity interest in Vesterålen Marine Seaweed AS.
"This is a strategically important purchase for us seen in several dimensions. It supports our ambitions with regard to both health and sustainability. Moreover, we are engaging in a major part of the value chain for Möller's Tran, which is one of our fastest growing international brands," comments
Ever since the 1800s, Möller's Tran cod liver oil has been Norwegians' secret weapon for countering health challenges, such as a harsh climate. In recent years, more and more people outside
"Even though we now have an ownership interest in Vesterålen Marine Olje, we will maintain the good collaboration with other partners that gives us the flexibility and security ensured by having several good suppliers," says
"We have worked closely with
He has been the main shareholder in Vesterålen Marine Olje through the company Klotind AS, and will remain involved with a 5 per cent shareholding and a seat on the Board of Directors.
The company will continue to be run with the same management and organisation, and Stian Frivåg will continue to serve as Managing Director.
In 2020, Vesterålen Marine Olje and subsidiaries had a consolidated turnover of
The company will be consolidated into
Vesterålen Marine
Vesterålen Marine's business concept is based on stewarding raw materials and producing marine oils and marine proteins from the residual raw materials from white fish for local, national and international markets. The company purchases residual raw materials from white fish from fish landing centres throughout North Norway. Established in 2005, the company has seen good growth in turnover, especially in the last few years. Its production plants and administrative headquarters are located in
Ref.:
Tel.: +47 916 65 078
Investor Relations Manager
Kjetil Sørum
Tel.: +47 996 02 964
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