Codfarmers partners Aker Seafoods

Codfarmes has signed a letter of intent with Aker Seafoods ASA regarding a co-operation whereby Aker Seafoods will provide harvesting and processing services to Codfarmers at their plant in Stamsund.

The co-operation also include operation within logistics, sales and joint marketing projects.

Codfarmers ASA has since the fire at the Company's harvesting plant at Halsa in Meloy municipality explored alternatives for re-establishing harvesting facilities suitable for Codfarmers' volumes and specific products.

With the increased volumes from farmed and wild catch cod, the companies will achieve great cost synergies both regarding primary and secondary processing of their products, said Michael Malling, CEO of Codfarmers ASA.

The company is on short notice able to increase the capacity for filleting in order to adapt the production of a wider product range, and production at Aker Seafoods' facility in Stamsund is expected to start by October 1, 2009, said Malling. 

Codfarmers ASA is a leading company in the industry of cod farming. Located above the Arctic Circle, the company's farms produce premium quality Atlantic Cod.

Oslo-based Aker Seafoods Group harvests, processes and sells and distributes whitefish. It is the largest whitefish harvesting group in Europe and runs operations in Denmark, Sweden, the UK and Spain in addition to Norway.