Marine Harvest, based in Norway, is looking for additional acquisitions to consolidate the industry, even after it completes its merger with Chile’s Empresas AquaChile SA. Global demand and a fragmented industry have Marine Harvest struggling to meet demand and see an opportunity to expand.
NORWAY — In January Marine Harvest purchased 42.8 percent of AquaChile and is expected to complete the merger of the entire company by the third quarter 2015.
In presenting Marine Harvest’s fourth quarter 2014 earnings their CEO commented, “We’re looking into consolidation of farming in Norway and Chile and are interested in buying more farms. The AquaChile merger …read more
Source: I Love Chile News