Nomad is poised to make future M&A moves after ending the third quarter with €700 million ($775 million), thanks in part to a March capital raising.

We'll see who takes a bite out of Chilean producer Salmones Austral as the company prepares for an initial public offering (IPO) within the next year.

Brim CEO Gudmundur Kristjansson says the company strategically plans to invest in Icelandic cod companies as minority stakeholders. If these domestic efforts go well, it may turn its M&A sights abroad.

Icelandic fishing companies Visir and Thorbjorn are discussing a possible merger, which would combine the companies assets under a new company in Grindavik with a total of 44,000 metric tons of quota and roughly ISK 16 billion (€118 million/$129 million) in turnover.

"Speculatively, yeah, there is absolutely a possibility there will be acquisitions in 2020," said Ian Smith, CEO of Canadian shellfish giant Clearwater. "We have an active pipeline that we are looking at in the UK and would expand that to also include Ireland."

Seafood Investor Insider: 20 M&As in just three months