“We are pleased to have found a good solution for the facility and itsemployees. This will ensure continued operations in Vanylven,” says RegionalDirector Asgeir Hasund of Mowi Norway.

Mowi will continue operating the facility through the summer with its currentstock of ballan wrasse. After that, Ode will take over the facility and itsemployees and convert the operations to cod juvenile and broodstock production.

The Regional Director of Mowi also thanked the facility’s employees for theirefforts over many years, and especially for their work in recent times.

“Ode is a strong player in cod farming and will further develop the facility ina responsible and sustainable manner,” says Hasund.

Ode CEO Ola Kvalheim emphasized that Ode sees Sighaug as an important facilityin the company’s value chain for farmed cod.

“Ode has a strong need for increased onshore capacity, and Sighaug fitsperfectly into our portfolio with its skilled and experienced employees,proximity to several of Ode’s farming sites, and opportunities for furtherdevelopment and investment. The facility, together with several of itsemployees, has previously produced cod juveniles with very strong results, andwe are confident that we can build on what Mowi has developed over the pastyears. The facility can easily be converted back to cod and is well suited forboth juvenile and broodstock production. Together with Mowi, we are immediatelystarting the process of applying for a change of species approval to cod. Wehope for a swift process with the relevant authorities so that operations canresume without interruption in activity.”