Samskip acquires more stake in the seafood industry – Fishupdate.com

Samskip acquires more stake in the seafood industry Published:  26 April, 2005

AN agreement has been reached on “far-reaching” co-operation between the Icelandic shipping-to-logistics company Samskip and the Dutch Kloosterboer Group.

Under the deal,Samskip will acquire a number of coldstore companies that belong to Kloosterboer. This move will create one of Europe’s leading specialists in reefer logistics for the seafood industry and together the companies intend to grow this sector of their business globally.

The activities acquired by Samskip amount to about 30% of the Kloosterboer Group.

Samskip companies expect to transport in excess of one million tons of frozen fish this year. The Kloosterboer coldstores have a combined capacity of 85,000 tons, Ijmuiden, the largest, having a capacity of 40,000 tons, Norway 20,000 tons, Rotterdam 17,000 tons and the Faeroe Islands 7,000 tons. In addition, Samskip operates coldstorage and terminals in Iceland.

Samskip currently employs 1200 people around the world and generated a turnover of €266 million in 2004. In 2005, Samskip expects its turnover to reach €500 million.

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