Northern Harvest to Be Bought by Marine Harvest

​Marine Harvest, the world’s largest producer of Atlantic salmon, announced yesterday that it had entered a share purchase agreement to acquire Northern Harvest, a leading Canadian salmon farmer. 

Northern Harvest, which holds 45 licenses for farming operations in New Brunswick and Newfoundland as well as another 13 in application status, is fully integrated with its own broodstock, smolt/hatchery, farming sites and processing operations.

The acquisition will cost Marine Harvest $315 million CAD, which is approximately $248 million USD, on a cash-free, debt-free basis.

​The transaction is subject to regulatory approval and customary closing conditions.