Mowi ASA Partners with Skretting/Nutreco to Revolutionize Feed Production

<p><a href="https://www.mowi.com/" target="_blank" rel="noopener">Mowi ASA</a>, a leading producer of farm-raised Atlantic salmon, has officially entered into a significant partnership with Skretting/Nutreco. Under this agreement, Mowi will utilize Skretting's established feed formulations to enhance their production capabilities.</p>

<h2>Significant Cost Savings Expected</h2>
<p>The strategic collaboration is anticipated to yield over $58 million in annual net cost savings. This will be achieved through optimized feed formulation, improved procurement strategies, and streamlined logistics processes.</p>

<p>Ivan Vindheim, CEO of Mowi, emphasized the importance of this partnership: “Mowi and Skretting are a great match for each other... I am confident that teaming up with them will make Mowi into an even better salmon farming company.” This partnership marks a crucial follow-up to the strategic review of Mowi’s feed division that was announced earlier this year.</p>

<h2>Retaining Feed Operations</h2>
<p>Mowi Feed will maintain its operational presence with two factories located in Norway and Scotland, projecting an EBITDA contribution of approximately $74 million by 2026. The combined EBITDA from the Skretting partnership and Mowi’s retained feed business is expected to surpass $132 million.</p>

<p>“The partnership model whereby Mowi Feed is retained gives us the best of both worlds,” Vindheim noted, adding that this collaboration offers a compelling solution by combining the advantages of both entities.</p>

<h2>Leveraging Expertise in Aquaculture</h2>
<p>Skretting, the aquafeed division of Nutreco, is recognized as a global leader in aquaculture feed manufacturing, bringing extensive nutritional expertise and robust research and development capabilities to the table. The relationship between Mowi and Skretting has flourished over decades, further solidifying their alliance.</p>

<p>“We know the Skretting team extremely well and have enjoyed an excellent working relationship with them for decades,” Vindheim stated. “Now we are taking this cooperation to another level and formalizing how we can drive innovations and cost improvements.” This partnership represents a low-risk strategy for Mowi while ensuring immediate cost reductions through enhanced feed formulations and logistic optimizations.</p>

<p>As feed formulation processes grow more intricate, the emphasis on nutritional expertise and research has never been more critical.</p>

<h2>A Global Leader in Salmon Farming</h2>
<p>Mowi, headquartered in Bergen, Norway, operates salmon farms across seven countries, including Norway, Scotland, Ireland, the Faroe Islands, Iceland, Chile, and Canada. The company boasts a workforce of 12,300 employees across 26 nations and reported a turnover of $5.9 billion in 2024.</p>

<p style="text-align: center;"><strong>Related:</strong> Mowi Launches Global Norwegian Atlantic Salmon Brand, Mowi Pure</p>