Broodstock Capital has acquired a majority interest in Neptun Salmo AS to build a strong independent hatchery platform in Norway's aquaculture sector.

Target Information

Broodstock Capital has successfully acquired a majority stake in Neptun Salmo AS, reflecting a strategic initiative to establish a leading independent hatchery platform within Norway's aquaculture industry. This transaction involves the acquisition of shares from current owners and the injection of new capital aimed at expanding the company's facilities and pursuing growth through additional acquisitions.

Headquartered in Namsos, Neptun Salmo boasts over 30 years of expertise in hatchery fish production. The company is set to inaugurate a state-of-the-art facility utilizing advanced recirculating aquaculture system (RAS) technology in summer 2024. Currently, Neptun Salmo operates land-based hatcheries in Røyklibotn and Survik, with an ambitious goal of producing 5.4 million smolts by 2025. In the previous fiscal year, the company reported revenues of NOK 90 million and employs a dedicated team of 16 professionals.

Industry Overview

The aquaculture sector in Norway is recognized globally for its innovation and sustainability, making it a vital part of the country's economic framework. As one of the leading seafood-producing nations, Norway has embraced advanced te