Lerøy Seafood Group (OSE: LSG) is a seafood production and distribution company based in Bergen, Norway The company started operation in the 19th century when the fisherman Ole Mikkel Lerøen started selling fish and other seafood on the fish market of Bergen. In 1939 the primary subsidiary Hallvar Lærøy AS was founded.
Until 1997 the company was family owned, when it became a public company resulting in the listing on Oslo Stock Exchange in 2002.
At the end of 2008 the Group had 1 425 employees. Also in 2008, Austevoll Seafood ASA increased its ownership from 33.34% to 74.93%
Cod captures register strong decline off New England United States
Since a while ago, the United States has been forced to import cod from Norway, Russia or Iceland in the north Atlantic due to the decline of the fishery in New England, where the federal government has reduced capture quotas.
Two subsidiaries of Pacific Andes request to be declared bankrupt Hong Kong
As part of its restructuring process, Pacific Andes International Holdings (PAIH) announced that two indirect subsidiaries, Golden Target Pacific Limited and Nouvelle Foods International Limited, have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.