Salmon Evolution Acquires Smolt Producer Kraft Laks
Salmon Evolution ASA announced the acquisition of Norwegian smolt producers Kraft Laks AS.
The company acquired 100% of shares in the family-owned smolt producer located in the Dalsfjorden in Volda municipality. The deal was for NOK 76.5 million (US$8.5 million) which is based on an enterprise value of NOK 70 million on a cash and debt free basis.
Salmon Evolution noted that Kraft Laks has a track record as a high quality smolt producer and the facility, under the selling family’s ownership, has been producing smolt since 1995...
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