© Bue Salmon
The three-year agreement entails Bue Salmon receiving smolt from Sævareid Fiskeanlegg, where Bolaks is the majority shareholder. The smolt will be reared to post-smolt at Bue Salmon’s land-based facility in Bulandet before being delivered to Bolaks’ sea sites for grow-out.
Through the agreement, Bue and Bolak hope to establish a predictable and efficient value chain with short production cycles, strengthening the operations of both companies.
"By combining our expertise in smolt production and sea-based farming with Bue Salmon’s specialisation in post-smolt and land-based production, we have a unique opportunity to explore the synergies between land and sea,” said Karina Antonsen Hjelle, CEO of Bolaks Group, in a press release.
The partnership is rooted in cooperation, with both companies set to benefit significantly. For Bolaks, the partnership ensures a stable supply of robust post-smolt, enabling reduced production time at sea. For Bue Salmon, the partnership is set to boost revenue and strengthen the foundations for further growth. Operational predictability frees up both financial resources and time to advance development plans at its new Lutelandet site.
"This partnership is a fantastic opportunity for Bue Salmon. Not only do we secure predictability and profitability, but we also establish close cooperation with one of the country’s leading aquaculture environments. We share a strong focus on fish welfare and look forward to learning from each other," concluded Knut Eikeland, CEO of Bue Salmon.
