Faroe-Islands-based salmon farming business Bakkafrost has acquired US salmon importer North Landing.

Bakkafrost said it wants to establish an operation in the US to improve its ability to serve customers.

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North Landing is focused on the East Coast of the US and has a sales office, handling and processing facilities in Clifton, New Jersey. It was the first US company to import fresh salmon from the Faroe Islands and has been a customer of Bakkafrost for more than ten years. 

In 2017, 18% of Bakkafrost’s salmon sales went to the US market.

North Landing will be structured as a stand-alone subsidiary of Bakkafrost. The company will continue to offer the same products and services as before the acquisition.

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It is run by CEO Aevar Agnarsson, former president and CEO of Icelandic USA and board member with Icelandic Group.

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No financial details pertaining to the deal have been disclosed.