Shetland salmon consolidation continues – Fishupdate.com

Shetland salmon consolidation continues Published:  23 July, 2007

THE concentration process in the Shetland salmon farming industry continues after it emerged that the isles’ largest producer has bought organic salmon farming interests on the Westside.

The £3.8million sale of North Atlantic Sea Farms, owned by Watt & Goodlad, to Hjaltland Seafarms was finalised last month.

Hjaltland itself switched Norwegian owners three months ago when it was bought by Grieg Seafoods ASA for £41 million.

North Atlantic Sea Farms, owned by John and Wilma Goodlad, is a 100 percent subsidiary of Watt and Goodlad, which owns salmon licences at Sanda Stour, Score Holm, Clift Sound and Papa.

The move makes Hjaltland’s market position in the isles even stronger. The company already produces one third of all local salmon and processes around 19,000 tonnes of salmon annually, about 50 percent of the isles’ production.

North Atlantic Sea Farms rose from the ashes of Mr Goodlad’s previous salmon farming company Crø Lax, which went into receivership during the height of the salmon farming crisis, three years ago.

Today, North Atlantic Seafarms produces 2,000 tonnes of organic salmon, and is, according to Mr Goodlad, the world’s largest organic fish farm. The company has been principle supplier of organic salmon to a number of outlets, including the Waitrose supermarket chain.

Grieg Seafood said the acquisition enabled it to develop into profitable European niche markets, such as Germany, the UK and Switzerland.

Mr Goodlad said today that he had not retired, only “downsized” his business activities.

“I will still continue to produce around 600 tonnes of organic salmon per year from a separate company called Simmer Dim. I have retained two smaller salmon sites allowing me to continue this level of annual production into the future.”

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