Nordic Halibut

What Nordic Halibut does

Nordic Halibut AS is a Norwegian vertically integrated Atlantic halibut aquaculture company founded in 1995 in Averøy, Norway, and now publicly listed on Euronext Growth Oslo (NOHAL) and Frankfurt (fra:9K1). The company operates the full production cycle — from controlled land-based hatching of eggs to three-year sea-phase grow-out at approximately 63° North in Norwegian coastal waters — across five sites: Averøy (headquarters, with PNS processing facilities), Torjulvågen (land-based hatchery), Midsund, Askøy, and Eide. Sustainable feed is co-developed with Skretting AS and enriched with locally sourced crab meal, and the operation holds GlobalGAP and GRASP certifications covering the entire value chain.

Name

Nordic Halibut

Legal name

Nordic Halibut AS

Website

https://nordichalibut.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Nordic Halibut AS is a Norwegian vertically integrated Atlantic halibut aquaculture company founded in 1995, producing premium sustainable halibut for fine-dining HORECA, sushi establishments, and seafood distributors across Europe, with operations scaling toward 4,500 tonnes by 2026.

Ownership category

akta.pro rank

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Fresh Halibut Sales: Fresh halibut sold in 25 kg EPS boxes, delivered weekly year-round. Available in sizes 1-3kg, 3-5kg, 5-7kg, 7-9kg, and 9+ kg. Primary product for HORECA sector.
2. Value Added Products: Single portions, frozen products, whole fillets, skin on/off fillets, and other specifications. Sales managed by dedicated VAP Sales Manager.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Nordic Halibut is a vertically integrated Atlantic halibut farming company operating from broodstock and hatchery through nursery, sea-phase grow-out, and harvesting at its facility in Averøy, Norway. The company produces premium fresh, frozen, sashimi-grade, and value-added Atlantic halibut products and supplies them to the HORECA sector (hotels, restaurants, catering) and seafood distributors.

Product overview

Nordic Halibut AS operates as a vertically integrated Atlantic halibut farming company based in Averøy, Norway. The company produces premium halibut products across the value chain from genetics to processing, offering fresh whole halibut in various size grades (Fresh Nordic Halibut), sashimi-grade products (Halibut Sashimi), and fine dining quality halibut for premium culinary establishments. The product portfolio centers on sustainable superfood positioning with consistent quality and predictable supply year-round.

Differentiator

Problem solved

Functional benefit

Products and services

• Fresh Atlantic Halibut Premium fresh whole and gutted Atlantic halibut (Hippoglossus hippoglossus) sold to the HORECA sector and seafood wholesalers as a chilled, high-end whitefish product.
• Sashimi-Grade Halibut Sushi/sashimi-grade Atlantic halibut fillets and portions targeting sushi restaurants and Japanese-cuisine chefs who require very high freshness and quality standards.
• Premium Frozen Halibut Flash-frozen Atlantic halibut portions and fillets aimed at distributors and retail customers who need longer shelf life without compromising on premium quality.
• Value-Added Halibut Products Processed and convenience Atlantic halibut offerings (e.g., portioned cuts, prepared fillets) developed from primary harvests for foodservice customers.

Quantifiable outcome

• 65% fillet yield from halibut
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• MåsøvalcoreStrategic or Co-development Partner · 28 June 2026Strategic partnership to access Pure Norwegian Seafood (PNS) processing facilities in Averøy. Måsøval is working to secure agreements with PNS's minority shareholders. Nordic Halibut gains option to purchase 100% of PNS shares, aligning with goal to expand production capacity and reach 10,350 HOG tons by 2031 for full value chain control.
• Pure Norwegian Seafood (PNS)coreStrategic or Co-development Partner · 28 June 2026Processing facilities located in Averøy, Norway. Nordic Halibut acquiring option to purchase 100% of PNS shares through agreements with PNS and Måsøval. Transaction conditional upon Måsøval securing agreements with PNS minority shareholders. Enables full control over value chain from genetics to processing.
• Skretting AScoreStrategic or Co-development PartnerSkretting AS is Nordic Halibut's responsible fish feed provider. Companies work closely together to develop sustainable, precisely tailored nutritional feed specifically designed for Atlantic Halibut. Feed is enriched with locally sourced crab meal providing natural diet for exceptional growth and health.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• SalMar ASA: Norwegian salmon farming giant with similar growth-driven capacity expansion strategy and public listing on Oslo Børs; comparable in production-scaling playbook and aquaculture economics.
• Bakkafrost: Faroe Islands-based vertically integrated salmon farmer listed on Oslo Børs; most direct peer given comparable premium-aquaculture positioning, public listing, and end-to-end value chain control from smolt to processed product.
• Cermaq Group AS: Global salmon farming company operating in Norway, Chile, and Canada; comparable as a multi-region aquaculture producer focused on sustainable, certified seafood production.
• Lerøy Seafood Group: Vertically integrated Norwegian seafood group covering farming, wild catch, and value-added processing; comparable in supply-chain integration and premium distribution to European HORECA.
• Grieg Seafood ASA: Norwegian-anchored salmon farming company operating across multiple jurisdictions; comparable as a publicly listed aquaculture operator with similar biological production cycle and cost structure.

Emerging players

• Nordic Aquafarms: Norwegian-rooted land-based salmon and halibut-adjacent aquaculture developer in the US and Europe; comparable as a Nordic aquaculture operator with sustainability/certification-led branding.
• Atlantic Sapphire ASA: Land-based salmon farming pioneer with sustainability-led positioning and public listing; comparable as a technology-driven, ESG-credentialed aquaculture challenger expanding capacity at scale.
• The Kingfish Company: Land-based yellowtail producer serving European fine-dining and sushi markets; comparable as a premium, sustainably certified aquaculture player targeting the same high-end HORECA customers as Nordic Halibut.

Broad incumbents

• Mowi ASA: World's largest Atlantic salmon producer and a broad incumbent in Norwegian seafood; comparable as a publicly listed, vertically integrated aquaculture company serving global retail and HORECA channels.
• Austevoll Seafood ASA: Norwegian seafood conglomerate with ownership in Leroy, Pelagia, and Austral Group; comparable as a publicly listed parent vehicle for premium Norwegian seafood production and processing assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nordichalibut
• LinkedInlinkedin.com/company/nordic-halibut/posts/?feedView=all
• Instagraminstagram.com/nordichalibut

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordic Halibut