Scottish Sea Farms has signed a share purchase agreement to acquire 100 percent of the shares in Grieg Seafood Hjaltland UK from Grieg Seafood ASA for £164 million ($227 million/€190 million).

Scottish Sea Farms – which is co-owned 50/50 by Leroy Seafood Group and SalMar ASA – said the move will allow it to deliver optimal biological performance and help meet rising demand for premium quality, Scottish-grown salmon.

Scottish Sea Farms’ operations are located across mainland Scotland, Shetland and Orkney and produced approximately 24,000 metric tons of Atlantic salmon in 2020.