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Origin and Austevoll in talks to combine European fishmeal and fish oil businesses

Tuesday, January 22, 2008

Origin and Austevoll in talks to combine European fishmeal and fish oil businesses

 

Agri-nutrition and food company, Origin Enterprises plc and Austevoll Seafood ASA have entered exploratory discussions with a view to combining their respective fishmeal and fish oil operations within Europe. These discussions will be subject to final agreement, confirmatory due diligence, mutually acceptable legal documentation, respective Board approvals and relevant consents.

United Fish Industries, Killybegs, is a subsidiary of Origin Enterprises plc.  

Origin’s fishmeal and fish oil activities are carried on through wholly owned operations in Ireland and the United Kingdom, in addition to its 50% interest in a manufacturing facility in the Shetland Islands.

Norway-based Austevoll Seafood ASA is one of the largest producers of fishmeal, fish oil, canned and high concentrated Omega 3 products (marine proteins) in the world, with operations in Norway, Peru and Chile.

AUSS carries out its European fishmeal and fish oil operations through its wholly owned subsidiary Welcon Invest AS.

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