Norway’s First Seafood Changes Ownership

After ten years with Insula AS as the majority shareholder, Norway’s First Seafood is entering a new ownership phase. Founder Andreas Sundnes, the company’s executive management team, and a group of industrial investors have acquired ownership of First Seafood.

“Together, we have built an international seafood company with skilled employees, modern production facilities, strong customer relationships, and a broad market position,” company officials said in a news release. “We are now taking over the baton with great respect for what has been built over the past ten years and with great gratitude for the opportunity to lead First Seafood into the future. Together with our employees, customers, suppliers, and new co-owners, we will continue building on the strong foundation that has been established.”

In 2016, Insula purchased a majority stake in First Seafood after First Seafood’s establishment in 2014.

First Seafood is a growing international seafood company specializing in the sourcing, processing, and distribution of premium seafood products. With our own salmon filleting facilities in Kongsvinger and Bergen, combined with a strong network of trusted partners and suppliers, we deliver tailor-made seafood solutions to retail, foodservice, wholesale, and industrial customers worldwide.

First Seafood’s product portfolio includes salmon, white fish, shellfish, sushi products, and value-added seafood solutions, supplied both fresh and frozen to customers in 49 countries around the world.