According to an agreement reached between Nordic Group and Domstein, Nordic Group will take over the fresh fish division of Domstein Fish in Trondheim by the end of the year. Once completed Domstein will own 20% of Nordic Group. The annual turnover of Nordic Group is estimated to reach NOK 800 mill after the restructuring is done and it will strengthen Nordic Group’s position as one of the leading exporters of whitefish products from Norway.
Nordic Group AS is headquartered in Trondheim, Norway with two subsidiaries in Boston, Nordic Group, Inc. and Nordic Fresh, Inc. The company is a global player in the seafood business with export and import of fresh and frozen fish primarily directed at markets in Europe and USA. The companies in the US are sourcing globally from Asia, South America, in addition to Norway and Canada.
Domstein ASA is a fishery and seafood company headquartered in Maaloy, Norway. The company consists of the whitefish company Domstein Fish AS with divisions in Maaloy, Raudeberg and Trondheim and of Domstein Sweden AB, a value added seafood company with divisions in Kungshamn and Lysekil in Sweden. Domstein also owns a considerable stake in the fishing company Ervik Havfiske and in the Norwegian seafood wholesaler Enghav AS.
To read more, please visit the Nordic Group website here.