Nordic Aquafarms fully owns Maximus kingfish hatchery

The company acquired the remaining shares of Maximus A/S, the hatchery with its own broodstock, and Sashimi Royal A/S, the grow-out producing fish from 50g to 5kg.

Nordic Aquafarms fully owns Maximus kingfish hatchery
September 17, 2020

Nordic Aquafarms, a leading player in land-based aquaculture, entered into an agreement with Sustainable Seafood Invest (SSI) regarding the acquisition of 50% of the shares in Maximus A/S and 32.5% of the shares in Sashimi Royal A/S, making both companies fully owned subsidiaries of Nordic Aquafarms AS.

The two Danish companies produce high-quality yellowtail kingfish. Maximus A/S is the hatchery with its own broodstock and Sashimi Royal A/S is the grow-out producing fish from 50g to 5kg. The total annual harvest capacity is approximately 900 tons with potential for substantial on-site capacity expansion. The companies have produced yellowtail kingfish since 2017 with harvest and sales since 2018. The product is primarily sold to the premium HoReCa market in Europe.

“Nordic Aquafarms is the only land-based producer of two high-value species, yellowtail kingfish and salmon, and the acquisition of the remaining share in the two Danish yellowtail kingfish companies enables us to focus even more on this fantastic product,” said Group CEA in Nordic Aquafarms, Bernt Olav Røttingsnes.

Nordic Aquafarms has two land-based aquafarms in production in the Nordics and farms under development in Maine and California in the U.S. The group has an in-house multi-disciplined team of more than 55 employees to execute its strategy to be a leading player in this growing industry.