Grieg and Volden announced Tuesday they would merge operations, setting targets for fast growth.

In two years, the company aims to produce 55,000 tons of farmed salmon and trout, making it the third-largest salmon farmer, behind Pan Fish and Leroy Seafood Group.

“We have plenty of available capacity, in Canada, Rogaland and Finnmark Counties, and we have enough smolt to manage this increase in production,” Grieg told IntraFish, adding his company took the initiative for the merger talks.

“It was a relatively quick process to get this in place,” he said.

Grieg