Earlier this month shareholders in Skaginn 3X approved a 100% acquisition by Baader of shares in the company. Consequently, Baader is now engaged in full integration of Skaginn 3X.
‘We are very happy to welcome Skaginn 3X to the Baader family. Skaginn 3X staff have a unique expertise and innovation capacity which will contribute to our joint future success,’ said Baader’s executive chair Petra Baader, commenting that with this investment, Baader is emphasising its commitment to the Icelandic market. Skaginn 3X technologies and the proven expertise of the company’s workforce are seen as an important part of strengthening Baader’s international growth strategy.
‘With Skaginn 3X as a full member of Baader, we can now position ourselves as a full solution provider for all fish species,’ said Baader managing director Robert Focke.
‘This is especially great for our customers. They can expect us to move fast towards a joint global sale setup and to leverage our joint technical capabilities as well as service offers.’
He added that combining the unique engineering intelligence and resource expertise of the two companies will strengthen for the development of pelagic and whitefish processing as well as sub-chilling, thawing, freezing and co-product handling for the fish, poultry, meat and other industries.
Guðjón M. Ólafsson will continue to manage the business in Iceland, supported by Jóhanna Waagfjörð as CFO as well as the Baader management. Jeffrey Davis, CEO of ISEA Partners, will continue to serve as Chairman of the Skaginn 3X board.