A fish farm operator at work on one of Måsøval's facilities in Norway.
Photo: Øyvind Nordahl Næss / Måsøval.
Måsøval AS has confirmed through a statement that the process of acquiring Mowi's harvesting facility at Ulvan Hitra Municipality has been completed.
Therefore, the Norwegian salmon farmer has signed the final contract and is in the process of taking over the harvesting facility with a formal takeover within the next few days.
In January, Måsøval confirmed this strategic move to bolster harvesting operations and enhance harvesting capacity within the Måsøval group.
Precisely, it also reassured its intention to continue the harvesting operations and developing the facility. The planned startup is the end of 3rd quarter.
"In addition to the increased capacity and flexibility we now control and have in-house, it also provides VAP capabilities. In sum it gives us increased flexibility towards our production and, importantly, we can meet better market demands," CEO of Måsøval Helge Kvalvik noted.
In its fourth-quarter report, published in February, Måsøval recorded a strong harvest increase. Regarding the outlook for 2024, the Group expects to achieve a harvest between 25700 and 26700 tons, of which 3200 tons are expected in the first quarter of 2024.