Nordic Halibut
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.
- Company typePrivate
- Founded1995
- HeadquartersBergen, Norway
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
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.
Nordic Halibut firmographics
Firmographics- 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
Where Nordic Halibut is headquartered
LocationHeadquarters
- HQ city
- Bergen
- HQ country
- Norway
- HQ region
- Europe
Offices5 records
Markets served
Nordic Halibut business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- 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.
- 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
Nordic Halibut product offering
Product offeringCore 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
Companies that use Nordic Halibut
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Nordic Halibut technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Nordic Halibut partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- MåsøvalcoreStrategic 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)coreProcessing 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 AScoreSkretting 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
Nordic Halibut competitors and assessment
Company assessmentDirect 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
Nordic Halibut social profiles
Digital presenceNordic Halibut financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nordic Halibut leadership team
Management profileNumber of profiles
Profiles3 records
Nordic Halibut subsidiaries and ownership
Company hierarchySubsidiaries1 record
Nordic Halibut funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nordic Halibut M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nordic Halibut
What does Nordic Halibut do?
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.
When was Nordic Halibut founded?
Nordic Halibut was founded in 1995. It employs 11 to 50 people.
Where is Nordic Halibut based?
Nordic Halibut is headquartered in Bergen, Norway, in the Europe region.
How does Nordic Halibut make money?
Two revenue lines are on record. Fresh Halibut Sales are the primary driver. The others are value Added Products.
Who are Nordic Halibut's main competitors?
Direct peers on record are SalMar ASA, Bakkafrost, Cermaq Group AS, Lerøy Seafood Group and Grieg Seafood ASA. Emerging players are Nordic Aquafarms, Atlantic Sapphire ASA and The Kingfish Company. Broad incumbents are Mowi ASA and Austevoll Seafood ASA.
Does Nordic Halibut have an API?
No public API is recorded for Nordic Halibut.