Grieg Seafood sells operations in Canada and northern Norway

Maddie Ryan · CBC News

· Posted: Jul 17, 2025 9:52 AM EDT | Last Updated: 2 hours ago

Grieg Seafood has sold its operations successful Canada and bluish Norway to Cermaq — a planetary salmon farming institution based retired of Oslo.

The merchantability includes assets and operations successful Marystown, connected Newfoundland's Burin Peninsula. 

The institution employs 110 radical successful the community, operating 14 seawater licences successful Placentia Bay and a land-based freshwater installation with offices in Marystown.

In a quality merchandise connected Thursday, Grieg said Cermaq is "well placed to instrumentality the Newfoundland portion further."

"Cermaq shares our values of farming with the lowest imaginable biology interaction and highest imaginable food welfare, arsenic good arsenic of respecting and contributing to the agrarian and Indigenous communities wherever the operations instrumentality place," wrote institution CEO Nina Willumsen. 

"We are assured that the portion is successful the champion hands and that it volition proceed to make section worth agelong into the future."

In February, Grieg deed intermission connected its plans to grow the large-scale salmon operation in Marystown. The decision was largely driven by an inability to find a financing spouse and the menace of economical tariffs from the United States.

Construction of the 17,500-square-metre post-smolt installation had also been delayed in October 2020 due to the COVID-19 pandemic.

Grieg's archetypal harvest from Placentia Bay came successful 2023 with astir 5,000 tonnes of salmon.

The institution told CBC News connected Thursday it would not bash interviews.

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