Brim acquires two fishing companies
Brim has acquired fishing companies Grábrók and Kambur, along with fishing vessels Steinunn and Kristján. Image: Trefjar

Brim acquires two fishing companies

Icelandic fishing and processing group Brim has struck deals to acquire two fishing companies based in Hafnarfjörður, which come with 2850 tonnes of mainly cod quota in the hook-and-line quota sector.

Fiskvinnslan Kambur operates longliner Kristján HF-100, one of the newest of its kind in the Icelandic fleet, delivered a year ago byTrefjar. The company also runs a high-tech processing operation in Hafnarfjörður which includes a Valka production line with waterjet portioning technology.

The second acquisition is fishing company Grábrók ehf, which operates longliner Steinunn HF-108, built in 2007.

These acquisitions will take Brim over the allowable quota ceiling for this fleet sector, and the company has a six month grace period to make a suitable adjustment in its holding.

‘With these acquisitions we are strengthening Brim’s position as an all-round fisheries company,’ said Brim CEO Guðmundur Kristjánsson.

‘We want to bolster Brim’s activities alongside which we have strengthened our position in sales and marketing of the company’s products on overseas markets. Now we are adding cod quotas, high-tech processing capacity and human resources that provide the company with better means to take on overseas competition.’

He commented that Kambur will continue to be run in its present premises as an independent subsidiary of Brim.