Bue Salmon and Bolaks Group Enter Strategic Partnership

Bue Salmon will produce post-smolt under contract for Bolaks, while the two parties will collaborate to develop new knowledge at the intersection of sea- and land-based production.

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– Florø, January 13, 2025

The Best of Sea and Land

Bue Salmon and Bolaks Group are kicking off 2025 by announcing a strategic partnership that combines the companies’ specialized expertise. The partnership ensures Bue a stable supply of smolt, while Bolaks receives robust post-smolt in return.

A Robust and Predictable Value Chain

The three-year agreement entails Bue Salmon receiving smolt from Sævareid Fiskeanlegg, where Bolaks is the majority shareholder. The smolt will be upgraded to post-smolt at Bue Salmon’s land-based facility in Bulandet before being delivered to Bolaks’ sea sites.

This establishes a predictable and efficient value chain that strengthens the operations of both companies. Short production cycles and reliable deliveries enable optimal utilization of production capacities.

“This partnership is a fantastic opportunity for Bue Salmon,” says Knut Eikeland, CEO of Bue Salmon.

“Not only do we secure predictability and profitability, but we also establish close cooperation with one of the country’s leading aquaculture environments. We share a strong focus on fish welfare and look forward to learning from each other.”

Knowledge-Driven Development

This collaboration is more than a supply agreement – it’s a joint initiative for innovation and sustainability. Together, Bue Salmon and Bolaks will explore how land-based post-smolt production can be optimized to support the sea phase while also developing solutions to meet future demands for sustainable salmon farming.

“By combining our expertise in smolt production and sea-based farming with Bue Salmon’s specialization in post-smolt and land-based production, we have a unique opportunity to explore the synergies between land and sea,” says Karina Antonsen Hjelle, CEO of Bolaks.

Supporting Development Goals

For Bue Salmon, the partnership boosts revenue and strengthens the foundation for further growth. Operational predictability frees up both financial resources and time to advance development plans at Lutelandet.

For Bolaks, the partnership ensures a stable supply of robust post-smolt, enabling reduced production time at sea. This aligns with Bolaks’ strategy of producing sustainable, high-quality food in Bjørnafjorden.

For more information, contact:
Knut Eikeland, CEO of Bue Salmon
Email: knut.eikeland@buesalmon.com
Phone: +47 90 97 70 18

Karina Antonsen Hjelle, CEO of Bolaks
Email: karina@bolaks.no
Phone: +47 90 68 14 03

About Bolaks Group

Bolaks Group is a fully integrated player in Norwegian aquaculture, with a complete value chain from roe production to market-ready fish. With roots dating back to 1975, the group has established itself as a leading producer of Atlantic salmon.

Core business areas:

  • Smolt production: Robust smolt production at Sævareid Fiskeanlegg, focusing on high quality and biological efficiency.
  • Sea-based farming: Strategically located sites ensuring optimal growth and low environmental impact.
  • Roe production: Genetically superior roe for internal use and external supply.

Learn more at www.bolaks.no