On Friday 20 December 2024, Kaldvik AS (“Kaldvík”, or the “Company”) announced it has entered into a non-binding term sheet for a potential acquisition of (i) 100% of Djúpskel ehf, an Icelandic fish box producer serving both the salmon and the white fish industry, (ii) 100% of Mossi ehf., the property and building hosting Djúpskel ehf., and (iii) ~33% of Búlandstindur ehf., a fish processing facility located on the East Coast of Iceland, to be acquired from Heimstø AS and Ósnes ehf. (the “Transaction”).
Following the closing of the Transaction, Kaldvík’s packaging cost is expected to improve by approximately NOK 1.5 per harvested kilo. Furthermore, the transactions will give the Company 100% control of the harvesting plant in Djúpivogur and secure full flexibility to develop capacities and qualities in this part of the value chain going forward.
ABG Sundal Collier is acting as exclusive financial advisor to Heimstø AS and Ósnes ehf. in connection with the contemplated Transaction.
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