Main Market Listing and Offering of New Shares
ISI
ICELAND
SEAFOOD
October 2019
Main Market Listing and
Offering of new shares
2018: Year of transformation
Acquisition of Oceanpath
Iceland Seafood acquired a 67% share in the leading fresh fish.
supplier to retailers in the Republic of Ireland, with local
management keeping the remaining 33%. The acquisition is in line
with the Group's strategy of acquiring strong value added
companies
Acquisition of Solo Seafood
The acquisition of Solo Seafood, the owner of Icelandic Iberica was
a transformational step for Iceland Seafood. The acquisition
brought three major fishing and processing companies into the
shareholding group, creating a vertically integrated supply chain.
through to the end customer
Oceanpath can utilize Iceland's seafood sourcing network in addition
to having enhanced opportunities for global distribution through the
Group's extensive sales network
Iceland Seafood's other subsidiaries will gain from a knowledge
transfer from Oceanpath's seasoned professionals
Three major fishing and processing companies joining the
shareholder group enables Iceland Seafood to benefit from a
vertically integrated supply chain and further strengthens its
supplier relationships
The integrated value chain which gives the Group access to over
40,000 mt of fish and seafood products
Investment of €2.9m in 2019 to increase efficiency and support
further domestic growth
Consolidated market strength especially in Spain, with a merger
of Icelandic Iberica and Iceland Seafood SpainView entire presentation