Norway Seafoods sells processing operations in France

Industry Database

Norway Seafoods has entered into an agreement with Groupe Coopératif Maisadour, a leading French Cooperative Company, to sell Norway Seafoods processing and sales operations in France.

The transaction includes the processing facilities in Boulgone sur Mer and Castets, equipment, inventory and agreements as well as customer contracts. The agreement also comprises the transfer of 230 employees to Groupe Coopératif Maisadour.

The transaction is expected to be concluded during the fourth quarter of 2013 and settled by cash payment of €3.3-3.6 million, depending on inventory level at closing.

Earlier this year Norway Seafoods entered into an agreement with Groupe Aqualande S.A.S to sell most of its trout farming activities. This transaction was completed on 1 August. Following a sale of the French processing facilities and sales operations, Norway Seafoods activity in France will be limited to the ownership of a farming site for trout, a minority share in a French broodstock company for trout and all equity in a Spanish trout farming company.

The company says that the divestment of processing facilities in France will not have any significant impact on Norway Seafoods export of products from Norway and Denmark to France.


Latest Jobs

PRODUCTION DIRECTOR— FISH FARMS IN AFRICA

African Century Foods is a fully integrated tilapia producer with its own broodstock, hatchery, grow... Read more

Media Sales Executive

We are looking for an experienced Sales Executive to join our award winning B2B media company. Merc... Read more

Fishery Technical Officer - 7601

We are seeking four experienced technical fisheries officers to join our busy fisheries, biodiversit... Read more

Assistant Hatchery Manager

Marine Harvest is one of the largest seafood companies in the world, and the world’s largest produce... Read more

Events Sales Executive - Conferences

We are looking for an experienced & talented Sales Executive to join our award winning B2B media com... Read more

View all jobs