Grieg Newfoundland AS

What Grieg Newfoundland AS does

Grieg Newfoundland AS is a salmon farming subsidiary operating 14 marine sites and a land-based recirculating aquaculture system (RAS) facility in Placentia Bay, Newfoundland, as part of Grieg Seafood ASA's international production footprint. The Newfoundland subsidiary was established as a regional expansion by the parent in 2020, oriented toward developing sustainable Atlantic salmon production in cold-water Canadian conditions and leveraging post-smolt and RAS technologies consistent with Grieg Seafood's broader operational playbook, including the Tytlandsvik Aqua and Årdal Aqua land-based facilities in Norway. The unit operates at a relatively small scale relative to the parent's Rogaland heartland (which holds 19 seawater licenses and 2 freshwater licenses supporting 25,000 tonnes of annual production capacity), and is classified as a developing-stage salmon farming business with 51–100 employees.

Name

Grieg Newfoundland AS

Legal name

Grieg Seafood ASA

Website

https://griegseafood.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Grieg Newfoundland AS operates 14 marine salmon farms and a land-based RAS facility in Placentia Bay, Canada. It was a Grieg Seafood ASA subsidiary until a December 2025 sale to Cermaq ended its role in the Norwegian parent's portfolio.

Ownership category

akta.pro rank

Product category

Aquaculture / Salmon Farming

NAICS

Aquaculture (1125), Finfish Farming and Fish Hatcheries (112511)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092)

akta.pro primary industry

Finfish Farming (e.g., salmon, tilapia, catfish) (AFAEAAAA)

akta.pro secondary industry

Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants) (AFANADAL)

Keywords

• Salmon farming
• Post-smolt production
• Recirculating aquaculture systems
• Marine aquaculture
• Atlantic salmon farming

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Salmon Production and Sales: Grieg Seafood generates revenue through farming Atlantic salmon and selling their products globally. They operate sea farms, freshwater facilities, and slaughterhouses, with all sales managed through their internal sales organization in Bergen.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Grieg Newfoundland AS develops and operates sustainable Atlantic salmon farming in Placentia Bay, Newfoundland, running 14 marine sites and a land-based recirculating aquaculture system (RAS) facility for juvenile salmon production. As part of the Grieg Seafood group, it supplies sustainably farmed Atlantic salmon to global foodservice and retail customers through the parent's internal sales organization headquartered in Bergen, Norway, with products reaching 50 countries.

Product overview

Grieg Seafood is a salmon farming company with operations in Rogaland, Norway. The core offering consists of sea-based salmon farming (25,000 tonnes annual capacity), complemented by post-smolt production through the Tytlandsvik Aqua joint venture, integrated sales operations from Bergen, and value-added processing facilities. The company produces 500,000 salmon meals daily sold across 50 countries. Key innovations include Årdal Aqua land-based technology to reduce sea mortality and remote feeding operations across 12 farms from a single operational center.

Differentiator

Problem solved

Functional benefit

Products and services

• Salmon Farming Operations Sea-based Atlantic salmon farming operations producing sustainably farmed salmon for global foodservice and retail markets. The Newfoundland unit operates 14 marine sites in Placentia Bay as part of the broader Grieg Seafood group's salmon farming portfolio.
• Land-Based Recirculating Aquaculture System (RAS) Post-Smolt Production Land-based recirculating aquaculture system (RAS) facility producing juvenile salmon (post-smolt) to reduce time fish spend at sea and lower mortality rates. Supports the Newfoundland region's vertically integrated salmon farming operations.

Quantifiable outcome

• 500,000 salmon meals produced daily in Rogaland, reaching 50 countries globally
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Tytlandsvik Aqua AScoreStrategic or Co-development Partner · 1 January 2025Joint venture for post-smolt production. Tytlandsvik Aqua AS is owned by Grieg Seafood Rogaland AS, Bremnes Seashore AS, and Vest Havbruk AS in three equal parts. Acquired Fister Smolt AS to strengthen value chain. Expanding with Halls 5 and 6, targeting total post-smolt capacity of 9,000 tonnes per year by 2028.
• Next Seafood (Joint Venture)minorStrategic or Co-development Partner · 1 January 2021Joint venture company with FishGLOBE to take over two development licenses and realize FishGLOBE closed sea-based aquaculture concept for salmon farming.
• WWF UScoreStrategic or Co-development PartnerSustainable feed project evaluating environmental, social and governance risks in salmon feed ingredients in a holistic manner. Includes land use, biodiversity, carbon footprint, circularity, pollution, human rights, and scalability assessment. Pilot assessment released during 2021.
• Bellona FoundationminorStrategic or Co-development PartnerCollaboration on opportunities and challenges related to plastic waste. Jointly developed online course about better plastic handling in aquaculture with NTNU and Grieg Seafood.
• Global Salmon Initiative (GSI)coreStrategic or Co-development PartnerGSI is a group of 21 companies in global salmon farming industry, committed to cooperation and transparency. Recognized by WWF as best-practice pre-competitive industry collaboration in 2019. Grieg Seafood actively participates in GSI initiatives.
• FishGLOBEminorStrategic or Co-development PartnerPartnership through Next Seafood joint venture company to realize closed sea-based aquaculture technology FishGLOBE for salmon farming (30K units). Partnership formed to develop closed containment technology at sea.
• ASC (Aquaculture Stewardship Council)coreOthersASC Feed Standard development - Grieg Seafood is an active member of the steering committee. The standard defines requirements for responsible factory practices and ingredients for fish feed.

Scale indicators5 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Norway Royal Salmon ASA: Norwegian salmon farmer with operations in Northern Norway and Iceland (Arctic Fish). Comparable mid-tier scale, license portfolio, and focus on sustainable aquaculture with sea-based and post-smolt production.
• Scottish Sea Farms Ltd: Salmon farming JV between SalMar and Lerøy in Scotland; bought Grieg Seafood Shetland in 2021. Directly comparable Atlantic salmon farming in cold-water marine sites with similar regulatory and sustainability frameworks.
• Bakkafrost P/F: Vertically integrated Faroese salmon farmer with in-house smolt production, VAP, and branded products. Comparable scale, premium-product focus, and integrated value-chain strategy.
• Lerøy Seafood Group: Major Norwegian seafood group with salmon farming, wild catch, VAP, and distribution. Operates post-smolt facilities and shares end-markets in European foodservice and retail.
• Cermaq Group AS: Global salmon farming company (Norway, Chile, Canada) and the buyer of Grieg Seafood's Newfoundland and Finnmark operations in 2025. Direct comparable in production footprint, technology adoption, and B2B foodservice/retail distribution.
• Mowi ASA: World's largest Atlantic salmon farmer, headquartered in Norway. Operates sea-based and land-based salmon farming across Norway, Scotland, Ireland, Canada, Chile, and the Faroes — directly comparable production model and end-markets to Grieg Seafood.
• SalMar ASA: Major Norwegian salmon farmer with comparable Norwegian sea-based and post-smolt operations, including Ocean Farm 1 offshore concept. Joint owner of Scottish Sea Farms with Lerøy, providing direct overlap in production methodology and market positioning.

Emerging players

• Atlantic Sapphire ASA: Land-based salmon farming pioneer using RAS technology in Florida and Denmark. Represents the long-term land-based production alternative that could compete with sea-based and post-smolt models.
• AquaBounty Technologies Inc. Land-based RAS aquaculture company focused on genetically engineered salmon. Tangentially comparable as a technology-driven aquaculture player exploring alternatives to open-net sea farming.

Broad incumbents

• Cooke Aquaculture Inc. Canadian-headquartered, family-owned seafood company with salmon farming in Atlantic Canada, Chile, Scotland, and Tasmania. Directly comparable to Grieg's former Newfoundland operations in scale and Canadian regulatory environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/people/Grieg-Seafood-Rogaland-AS/100063803274841
• LinkedInlinkedin.com/company/grieg-seafood-finnmark

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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 Grieg Newfoundland AS