STIM, owned by Nordly Holding, is now seeking new strategies for the company, with the main one being a change of ownership. In this way, and through the Norwegian bank ABG Sundal Collier, the change process will be carried out.
Jim-Roger Nordly, CEO and owner of Nordly Holding explained that this announcement was the first step in a new phase for STIM. "It will be an interesting process, which I am confident will result in a solution that is in the best interest of the company. The precondition, of course, is that we find the right owners who share our values and possess the appropriate competence and ambition to take STIM to new heights."
Over the decades, STIM has achieved a prominent position and an international presence with offices in Norway, Chile, the United Kingdom, and Canada. Thus, the company surpassed last year's sales record of NOK 1.206 billion (EUR 105 million/USD 110 million) in September of this year. Undoubtedly, these are data that confirm STIM's significance. Therefore, the company expects the ownership transition process to conclude during the first semester of 2024.
"STIM possesses a unique breadth of biological expertise, which is in high demand in the global aquaculture industry. It is primarily through improvements in biology, fish health, and fish welfare that the industry's enormous inherent potential can be unlocked. These are fields where STIM already plays a key role and enjoys great trust. Virtually all of the world's salmon farmers are on our customer lists today, and with increasing activity and sales year after year, STIM is in a very robust position. That is why it is also appropriate for the company to explore alternative ownership structures now," said Nordly.
For 34 years, STIM has been a part of the journey of the aquaculture industry, driving it towards becoming Norway's foremost industry of the future. Throughout the years, STIM has established itself as the premier provider of high-quality products and services for fish health. For that reason is a leading company.
Positioned uniquely as a provider of expertise, products, and services, STIM assists our clients from planning to harvesting. Moreover, it has offices along the Norwegian coastline and in Chile, the UK, the U.S., Canada, Iceland, and China.
