Producer
Austevoll Seafood ASA
Austevoll Seafood ASA (Storebø, Hordaland Norway; OSE: AUSS; ~NOK 30B revenue) is a vertically integrated Norwegian seafood company and one of the world's largest fishmeal and fish oil producers. Austevoll owns Welcon (Pelagic AS, Lima Peru) — a major Peruvian fishmeal producer — and Norwegian pelagic fish (herring, mackerel, capelin) reduction operations. Austevoll also owns approximately 52% of Lerøy Seafood Group (OSE: LSG), Norway's second-largest salmon farmer — creating a vertically integrated chain from fishmeal production to salmon farming to salmon processing. Austevoll's Peru operations (Welcon/Pelagic) hold anchovy quota and operate reduction plants; its Norway operations catch North Sea herring and capelin processed to fishmeal and fish oil. Austevoll is uniquely positioned as both a fishmeal producer and a fishmeal consumer (via its salmon farming stake in Lerøy).
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Inputs supplied
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Goods downstream
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Facilities
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Stories
What they make
2 inputs Austevoll Seafood ASA supplies
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Business segments
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Peru Fishmeal & Fish Oil (Welcon/Pelagic)
30%Salmon Farming (Lerøy Seafood ~52%)
40%Norway Pelagic Reduction
15%Salmon Processing & Distribution
15%
Intelligence
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Did you know2023
The Møgster family of Austevoll, Norway controls both Austevoll Seafood ASA (aquaculture and fishmeal — the food supply chain) and Solstad Offshore ASA (offshore supply vessels for oil platform operations — the petroleum infrastructure supply chain). Solstad Offshore operates one of the world's largest fleets of platform supply vessels, construction vessels, and subsea support ships that service North Sea, Gulf of Mexico, and other offshore oil and gas operations. The same Norwegian island family simultaneously controls: the fishmeal going into Peruvian anchovy reduction plants (feeding farmed salmon that feeds European supermarket consumers) AND the supply vessels servicing North Sea oil platforms (enabling petroleum extraction that fuels European transportation). The aquaculture supply chain and the fossil fuel extraction supply chain share a Norwegian maritime family as their infrastructure operator. When North Sea oil activity surges (driving demand for Solstad's supply vessels), and when salmon feed demand surges (driving demand for Austevoll's fishmeal), the Møgster businesses on two different islands in Hordaland are both benefiting simultaneously.
Solstad Offshore ASA ↗Origin2023
Austevoll Seafood ASA was founded by Helge Møgster and his family from Austevoll — a municipality of small islands in the Hardangerfjord area of Hordaland, western Norway, with a population of approximately 4,600 people and a centuries-old fishing tradition. The Møgster family built an industrial fishing and maritime empire from this tiny island community: Austevoll Seafood (fishmeal, fish oil, salmon farming), Solstad Offshore ASA (offshore supply vessels for the petroleum industry), and other maritime businesses. Austevoll Seafood's expansion into Peru — where its subsidiary Welcon/Pelagic holds Peruvian anchoveta fishing quota and operates reduction plants — gave the Norwegian island company a major position in the world's largest fishmeal production geography. The company then acquired approximately 52% of Lerøy Seafood Group (Norway's second-largest salmon farmer), creating an unusual vertical integration: a fishmeal producer owns a salmon farmer that consumes fishmeal. Austevoll is simultaneously the supplier to and the consumer of Peruvian anchoveta reduction — a self-referential supply chain where the company's fishmeal production feeds its own salmon farms, whose harvest then feeds consumers across Europe and Asia.
Austevoll Seafood ASA ↗