Matorka’s Arctic Char Farm in Iceland Bought by Brim

Brim plans to acquire the assets and operations of bankrupt Arctic char producer Matorka through a subsidiary that is being established.

Brim stock is in focus after a planned Matorka asset purchase. The conditional deal would extend the Icelandic seafood group’s aquaculture footprint.

An Icelandic seafood enterprise headquartered in Reykjavik and established in 1985, Brim catches and processes groundfish and pelagic species, including cod, haddock, herring, redfish and blue whiting, and also produces dried fish, fish flour, roe and other marine products.

Matorka harvests char, the northernmost freshwater fish on earth.

Read more about the deal from Ad-Hoc News here.