Norway Royal Salmon (NRS) and Grieg Seafood are jointly investing NOK 100 million (€10.7 million/$11.7 million) into acquiring Nordnorsk Smolt, a hatchery located in Hasvik, Finnmark.
The two companies will have a 50 percent stake each in the hatchery, which is specialized in supplying big salmon smolt.
Nordnorsk Smolt has a production capacity of 800 metric tons per year, which corresponds to an annual production of about 3.2