Arctic Fish Buys Defunct Plant in West Fjords Skip to content

Arctic Fish Buys Defunct Plant in West Fjords

By Iceland Review

The sale of a freezing plant and associated buildings that belonged to the bankrupt fish processing company Eyraroddi in Flateyri, the West Fjords, to Arctic Fish was confirmed yesterday. The company also bought the boat Stjáni Ebbi, which has no quota.


Fishing in Iceland. Photo by Bjarni Brynjólfsson.

The local workforce has faced uncertainty since Eyraroddi sent home all its staff in early October last year and was taken into bankruptcy proceedings in January, Morgunbladid reports.

“We have fish farming in Dýrafjördur and are interested in building on that,” said managing director and co-owner of Arctic Fish.

The company has acquired Dýrfiskur which breeds rainbow trout in Dýrafjördur and is planning to greatly expand its operations, eventually with an annual production of 2,000 tons.

The trout will be processed in Flateyri. “We will also look into other opportunities in general fish processing,” Pétursson added.

The sale of Eyraroddi’s assets to Arctic Fish takes place with the goodwill of the municipality Ísafjardarbaer and for the benefit of claimants, according to a declaration signed yesterday.

Previous attempts to re-launch Eyraroddi’s operations were fruitless due to disagreement among claimants. Eventually, an agreement was reached that two of the company’s buildings would go to Lotna and the remaining assets to Arctic Fish.

The new owners will take their time in rebuilding the local employment market. The acquisition price has not been disclosed.

Click here to read more about Eyraroddi.


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