Atlantic Sapphire â 1000 ton Salmon production in ... - Tides Canada
Atlantic Sapphire â 1000 ton Salmon production in ... - Tides Canada
Atlantic Sapphire â 1000 ton Salmon production in ... - Tides Canada
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THE STORY OF VILLA ORGANIC<br />
Johan Andreassen and Bjørn-Vegard Løvik<br />
founded Villa Organic <strong>in</strong> 1995 at the age of 17 and<br />
18 years<br />
Andreassen and Løvik are pioneers <strong>in</strong> fisheries,<br />
sales and R&D of cleaner fish (wrasse). Cleaner<br />
fish is an environmental friendly solution of<br />
treat<strong>in</strong>g parasites (sea lice) <strong>in</strong> salmon farm<strong>in</strong>g.<br />
In 1999 the company started cod farm<strong>in</strong>g and the<br />
year after with salmon farm<strong>in</strong>g.<br />
After that the company grew rapidly through<br />
acquisitions and organic growth and become<br />
vertically <strong>in</strong>tegrated <strong>in</strong> 2005.<br />
Andreassen held the CEO role and Løvik the COO<br />
role until 2009.<br />
They sold their shares <strong>in</strong> Villa Organic <strong>in</strong> 2010.<br />
Facts:<br />
• 7th largest <strong>production</strong> capacity of <strong>Atlantic</strong><br />
<strong>Salmon</strong> <strong>in</strong> Norway.<br />
• 30 salmon licences – annual <strong>production</strong> capacity<br />
exceeds 30.000 metric <strong>ton</strong>s.<br />
• Norways largest producer of organic and best<br />
practice salmon<br />
• Vertically <strong>in</strong>gegrated from egg to plate.<br />
• Operates 15 off shore sites <strong>in</strong> two different<br />
counties of Norway<br />
• 2010 revenues 525 mNOK (≈95 mUSD)<br />
• 2010 EBIT 68 mNOK (≈12 mUSD)<br />
• 100 shareholders<br />
• Listed on the Oslo OTC-list (VILS.OTC)
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