Scottish Sea Farms’ acquisition of Grieg Seafood Hjaltland UK has been cleared by the UK's Competition and Market Authority.
Scottish Sea Farms, which is co-owned by Lerøy Seafood Group and SalMar, signed a share purchase agreement to acquire 100% of the shares in Grieg Seafood Hjaltland UK from Grieg Seafood for £164m in June.
The deal includes the company’s freshwater hatchery, processing facility and 21 marine farms around the Shetland Islands and Isle of Skye, which produced a combined 16,000 tonnes of Atlantic salmon in 2020.
Scottish Sea Farms’ own operations are across mainland Scotland, Shetland and Orkney, putting it on track to produce 46,000 tonnes in 2022.
It is anticipated that the acquisition, which will be financed with 100% cash consideration from Scottish Sea Farms, will complete as early as this year-end.
The group said at the time the acquisition was a “strategic move” to help meet the rising demand for Scottish-grown salmon.
Scottish Sea Farms managing director Jim Gallagher said: “This is hugely positive news that promises farmers from both companies greater opportunity than ever before to create the best growing conditions, working collectively as one team with regards to the key factors of fish health, stocking regimes and sea lice management.
“This, in turn, will enable us to offer customers a more secure and stable supply of premium quality Scottish farmed salmon.”
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