Russia's largest salmon producer acquires algae production company in drive to diversify

Atlantic salmon and trout producers are facing a decline in domestic demand for their products, prompting companies to search for new revenue streams.

Workers harvesting algae for Arkhangelsk algae plant AVK OJSC. The company was acquired by Inarctica, Russia's largest salmon farming company.
Workers harvesting algae for Arkhangelsk algae plant AVK OJSC. The company was acquired by Inarctica, Russia's largest salmon farming company.Photo: AVK/Facebook
Published 16 February 2023, 06:00Updated 16 February 2023, 14:20
Mergers & AcquisitionsInarcticaRussian AquacultureRussiaAlgae