- Business
- Iceland Seafood International hf. (ICESEA.IC) is an Iceland-based seafood company engaged in the processing, sale, marketing, and worldwide export of fresh, frozen, salted, dried, and value-added seafood products. Founded in 1932 and headquartered in Reykjavik, the company operates through three main segments—Value Added Southern Europe, Value Added Northern Europe, and Sales & Distribution—with processing and trading subsidiaries across Europe, North America, Asia, and South America; it sources primarily from the North Atlantic, including Iceland's pristine waters, and targets distributors, retailers, and foodservice providers globally. Its core products encompass ready meals, fresh fish, coated products, shellfish, smoked fish, landfrozen fish, light and wet salted products, frozen-at-sea fish, pelagic species such as mackerel, herring and capelin, cephalopods, and dried fish; these are marketed under brands including Icelandic Seafood, Iceland Gold, Islandia, Seastar, Dunn’s, Carr&Sons, Nolan’s, Ahumados Dominguez, Oceanpath, Elba, Banord, Las Tapas, and El Auténtico. Recent strategic developments include the 2025 acquisition by subsidiary Iceland Seafood Ibérica of two Argentine freezer trawlers (Entrena Uno and Entrena Dos) for USD 5.8 million to vertically integrate its wild shrimp supply chain and boost at-sea frozen shrimp production from its Achernar facility in Puerto Madryn; the purchase of property firm Cigalfer792 S.R.L. to cut storage costs and enhance Argentine operations; and the expansion into marketing Icelandic salmon through its distribution network amid growing domestic salmon farming. In Q3 2025, the company reported operating revenues of EUR 347.6 million for the first nine months, up 11% year-over-year, with profitability restored across divisions following 2023 challenges, alongside ongoing refinancing efforts and a focus on high-value Icelandic cod and shrimp sales.