- CEO
- Vidar Aspehaug
- Full Time Employees
- 204
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Strandgata 18 Eskifjordur NE Iceland 735
- IPO Date
- Jun 5, 2020
- Business
- Kaldvik AS is a Norway-based aquaculture company engaged in finfish farming and related processing activities, with operations centered on Iceland’s east coast and related value-chain activities; the company focuses on producing and processing salmon and other finfish, and it participates in several subsidiaries and joint arrangements to support integrated farming and processing capabilities. Headquartered in Eskifjörður, Iceland, Kaldvik AS was established in 2020 as Ice Fish Farm AS and rebranded to Kaldvik AS in August 2024, operating as a subsidiary within the Austur Holding AS corporate group.
Main products and services: finfish farming and production; fish processing and value-added seafood products; smolt stations and hatchery operations for juvenile fish supply; ownership and participation in related entities within the fish farming value chain (including joint ventures and minority stakes); external financing activities to support expansion and production capacity; potential development of in-house packaging and logistics for end-to-end supply chain efficiency; licensing and regulatory compliance services aligned with Icelandic and international aquaculture standards.
Latest major company changes: completed acquisitions of Mossi ehf, Djupskel ehf, and a stake in Bulandstindur ehf, with capital increases undertaken to finance the acquisitions and optimize the capital structure; underwent a name change and ticker update to reflect the new corporate identity; announces strategic reviews and planned expansions, including production optimization and potential new licenses in Seyðisfjörður, Iceland; announces ongoing strategic shifts to strengthen the integrated production model and reduce operational risk; reports on financing updates and production capacity investments in late 2024 through 2025, including debt adjustments and equity issues to fund growth; engages in strategic partnerships and collaborations within the Icelandic fish farming sector to enhance supply chain resilience and scale.
Additional context: operates in the aquaculture industry with activities spanning finfish farming, processing, and related services; serves culinary and retail markets as well as foodservice distributors in Europe and Icelandic regional markets; targets customers including seafood processors, distributors, and end-user brands seeking fully integrated farm-to-market seafood solutions; geographic footprint includes Iceland and Norway-linked corporate structures with production and processing facilities in Iceland, and potential cross-border financing and partnership arrangements; affiliated with Austur Holding AS as a parent or major shareholder; maintains subsidiary relationships and potential minority investments in related aquaculture ventures to diversify production risk and expand capacity.