The Scottish Salmon Company (SSC) will rename its operations in Scotland to Bakkafrost Scotland. Bakkafrost acquired the company in 2019. According to a statement, for the past two years, SSC has tried to align the businesses and develop its core capabilities in Scotland.
Firstly, the Bakkafrost Group committed to an investment program of £711 million to increase the output of premium salmon by more than 40%. The aim is to become Scotland's leading most sustainable salmon producer.
According to SSC, the investment will create jobs, drive forward rural economies, and develop business performance. Also, improve the current 600 staff located across the West Coast of Scotland and the Hebridean Islands.
In more detail, Applecross houses the first Bakkafrost Scotland RAS facility. It provides 500g smolt, leading to fish health and welfare, and low environmental impact, with sustainable production. Thereby, all freshwater production will use RAS technology eventually , transforming Bakkafrost Scotland's operations.
Regin Jacobsen, CEO of Bakkafrost, remembered the opportunity the company saw when acquiring SSC. To create the leading and most sustainable salmon producer in Scotland.
"The renaming also signals that we are fully committed to Scotland and look forward to realizing our investment plan that will create jobs and value in our local communities. Scotland is an integral part of our plans for business growth," he concluded.
The Bakkafrost Group delivered a total operating EBIT of DKK 418 million almost double compared to the previous year (DKK 224M) in Q1 2022.