|Publicly traded, limited company|
|Industry||Seafood, food processing|
|Sigurd Teige (Chairman)
Gunnar Domstein (CEO)
|Products||Wild caught herring, mackerel and capelin, production and distribution|
|NOK 2,644 mill (2009)|
|Total assets||NOK 1,581 mill (2009)|
|Total equity||NOK 867 mill (2009)|
Number of employees
Norway Pelagic ASA (OSE:NPEL) is a Norwegian producer and exporter of pelagic fish, ie herring, mackerel and capelin. Total production volume in 2009 was about 500,000 tons, making the company the largest in its sector, accounting for 35-40% of total landings of pelagic fish for human consumption in Norway.
Norway Pelagic controls 11 production plants along the Norwegian coast, located at Sommarøy, Lødingen, Bodø, Liavåg, Selje, Måløy (3 plants), Kalvåg, Florø and Karmøy. The administration is located in Måløy while sales and purchasing are located in Ålesund. The company main operations are production of roundfrosen and fillets of herring and roundfrosen mackerel. Other products are mackerel fillets, and roe from herring and capelin. Almost entire production is for export and the most notable markets are Russia, Ukraine, EU and Japan.
History and main events
Norway Pelagic ASA was established in 2007, through a merger between Domstein Pelagic, Global Fish, Bergen Fiskeindustri, Koralfisk and Bernt Hansens Eftf. One year after, in June 2008, the company was listed on the Oslo Stock Exchange. In 2009 Norway Pelagic aquired Fryseriet in Lødingen, a producer of herring products and capelin. In 2010, Norway Pelagic also aquired Emy Fish and Brødr Myhre, two pelagic plants in Måløy.
In July 2010, Austevoll Seafood ASA bought Domstein ASA's shares, and became the largest shareholder. In Januray 2011, an agreement was announced to integrate Austevoll's pelagic plants, located in Sirevåg, Austevoll, Træna and Honningsvåg, in addition to ownership of Shetland Catch Ltd, into Norway Pelagic.