Mørenot acquires Hvalpsund Net

Mørenot acquires Hvalpsund Net Hvalpsund Net and Mørenot staff, Jennie Torp, Ole Kristian Flaaen, Ryan Poulsen, Kristian Steinshylla, Myrna Poulsen, Peter Poulsen, Ola Kvalheim, Casper Petersen. Photo: Morenot

Mørenot has been on a buying spree since its acquisition last year by investment fund FSN Capital – and this continues as the expanding Norwegian group snaps up Danish aquaculture and fisheries supplier Hvalpsund Net.

“Through hard work and solid dedication for a long period of time, Hvalpsund Net has been developed into an agile company with strong customer relationships, and a safe and good workplace for its employees. Mørenot, which provides solutions for sustainable harvesting of seafood, will combined with Hvalpsund be able to offer more competitive solutions and develop even more innovative products across all markets,” said Mørenot CEO Arne Birkeland.

“The companies have unique strengths and opportunities that will now be extracted to an even greater extent. We will continue to develop the position Hvalpsund has built on plastic cages, nets and fishing gear by investing in further product development across the product portfolio. At the same time, we will continue to deliver individual products separately, but at the same time also develop complete and integrated cage solutions in some markets.”

Peter Poulsen, who joined the company in 1966 and took over as CEO in 1974, has together with his family been majority shareholders in Hvalpsund Net since 1974. All the previous owners of Hvalpsund will reinvest a significant share of the proceeds in Mørenot and remain an active part of the future development of the partnership.

“Hvalpsund Net and Mørenot together is a great fit and will strengthen our efforts to continuously develop the business and organization to the best of our employees and customers. It was important for us to bring in a partner who shared our values and visions and wanted to invest for the future,” said Peter Poulsen.

“Mørenot is the leading supplier to the aquaculture and fishing industry globally and it will give us a fantastic opportunity to build on each other's strengths, knowledge and experience to deliver even better products to our customers.”

LATEST PRESS RELEASES

This clever infographic shows why maritime companies should now start smart with their data

This clever infographic shows why maritime companies should now start smart with their data for exam... Read more

Nine OXE Diesel 150 to Flugga Boats in Shetland

“We congratulate Proteum on the contracted sales of nine OXE Diesel 150 to Flugga Boats. The combina... Read more

MFV ‘Atlantic Titan’ – 90 foot crab and demersal fish Trawler

Shipbuilding Asia and Macduff Ship Design are pleased to announce the completion and handover of a n... Read more

The fight against IUU fishing

The issue of illegal, unreported and unregulated (IUU) fishing and their harmful effects are hardly ... Read more

AST iRAMS Maritime Fuel Saving Analysis

AST iRAMS Maritime Fuel Saving Analysis Read more

New Cleopatra 33 for a hunting of lobster delivered to Fraserburgh, Scotland

A new Cleopatra boat was delivered to Fraserburgh on the north eastern coast of Scotland. Read more

View all