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Just before the end of the year, Måsøval announced that it had reached an agreement with Frøya Laks for the operation of 2,433 tons of MTB (maximum permitted biomass). The parties claimed that this operation to produce salmon will be a long-term cooperation and, according to the announcement made public by the Trøndelag company, will take the form of a co-location agreement.

“We are pleased to have reached a co-location agreement with Måsøval regarding the operation of the acquired MTB. It is rational for the parties that the collaboration is organized by Frøy Kapital and Bewi Invest establishing a joint company”, said Roger Granheim and Stig Wærnes on behalf of Frøya Laks.

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Frøya Laks is a collaboration between Helge Gåsø’s company, Frøy Kapital, and BEWI Invest, owned by the Bekken family. The companies bought a total of 2,433 tons of MTB in production area 6 at the state auction in 2022. As a result of this partnership with Måsøval, the first generation is expected to be launched in 2023 and slaughtered the following year, in 2024.

“This agreement will give Måsøval better utilization of infrastructure that we have invested in in recent years. Frøy Kapital AS and BEWI Invest AS are partners we know well and have collaborated with in various areas for many years”, claimed Asle Rønning CEO of Måsøval.

This will probably have been Rønning’s last operation as CEO of the company. As announced last October, come January 2023, his resignation, known since June, will finally become effective and Helge Kvalvik will take over from him.

This is not the only collaboration announced by Måsøval in 2022. Earlier, in July, it also signed a long-term agreement for the harvesting and processing of up to 3,500 tons of cod per year with Statt Torsk through its company Western Seaproducts.

About Måsøval

Located in central Norway, in the region west of Trondheim, Måsøval is an integrated producer of Atlantic salmon with more than 50 years of operational experience that has significant sea farming and in-house smolt production operations. The company exports and processes Atlantic salmon to the global market through its majority shareholding in the processing and distribution company Pure Norwegian Seafood.

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