Brim is engaged in the fishing and processing of groundfish and pelagic fish. The company operates three freezer trawlers and employs 800 people
Brim to buy two Icelandic fisheries companies
Tuesday, October 22, 2019, 05:00 (GMT + 9)
Icelandic fishing and fish processing company Brim hf (formerly HB Grandi) has signed a contract to buy two fisheries companies in Hafnarfjörður, Iceland – Fiskvinnslan Kambur hf. and Grábrók ehf.
Each of the two companies operate one fishing vessel with a total catch allocation of 2.850 tons, mainly cod. Fiskvinnsla Kambur also operates a high-tech fish processing plant in Hafnarfjörður that only last year bought state of the art processing lines from the Icelandic producer Valka hf.
Kambur Seafood is a family business founded by Hinrik Kristjánsson and others in 1987 in Flateyri, Westjords of Iceland. In these years the main production was lightly salted cod fillets and salted products for the Spanish market. In 2009 the company moved its production to Hafnarfjörður and started fresh fish production.
The total purchasing price is ISK 3.150 million (USD 25.22 million).
According to Guðmundur Kristjánsson, CEO of Brim, the purpose of the acquisition is to strengthen Brim as a leading company in the seafood industry in Iceland.
"We are now increasing our catch allowance in cod, acquiring high-tech processing units and gaining access to human resources that enable us to make fish processing in Iceland even more compatible for the global market," he said.