Russia’s leading salmon producer buying MSC and ASC-certified fish processing plant

"Russian Aquaculture" PJSC (Russia’s largest company in the sector of commercial salmon and trout farming) has announced the exercise of an option to purchase the remaining 60% of an up-to-date plant for primary processing of fish in the Murmansk region, reports Megafishnet.com.

According to RA, taking into account the value of the option, the transaction amounted to 358.5 million rubles (ca.$4.9 million).

As a result of the exercise of the option, the percentage of the Company's ownership in the authorized capitals of "Three Streams" LLC and "Murmanrybprom" LLC reached 100%.

The plant, which currently has a capacity of 30 thousand metric tons per year, has modern equipment for salmonids’ processing, a cold storage facility, developed infrastructure, and is located in convenient transport accessibility from the existing and new farms of the Company. The plant meets the high requirements of "Russian Aquaculture" PJSC for the quality of its products, safety and compliance with sanitary standards.

The production is certified according to the international standards of Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC), which indicates the recognition of the high quality of existing production processes and products and gives a competitive advantage in terms of deliveries to customers who require compliance with the quality of products to high international standards.

Ilya Sosnov, General Director of "Russian Aquaculture" PJSC commented:

"The presence of proven primary processing facilities is an important link in the INARCTICA brand product chain, as it guarantees high-quality and timely processing of fresh fish. This transaction opens up new opportunities to expand INARCTICA's line of ULTRAFRESH-quality finished products."

Company Information

"Russian Aquaculture" PJSC is the management company of the group known as the leader in the segment of Atlantic salmon and trout farming in Russia. The key activities of the group under the management of "Russian Aquaculture" PJSC include:

* commercial cultivation of Atlantic salmon and sea trout in the Barents Sea in the Murmansk region;

* commercial rainbow trout farming in the lakes of the Republic of Karelia in the Russian Northwest

The development of aquaculture is a strategic direction of the company. Currently, the "Russian Aquaculture" group of companies owns the rights to 38 sites for the cultivation of salmon and trout. The total volume of potential cultivation in these areas is about 50 thousand tons of salmonids.  

The company's long-term development strategy involves the creation of the largest vertically integrated player in the aquaculture segment, including its own production of fry, primary processing and distribution of its own products.