Ice Fish Farm AS (Kaldvik AS) Overview
Pro stress-test →Ice Fish Farm provides wholesome quality fish carefully farmed in harmony with nature in the beautiful Eastern fjords of Iceland. Since listing on Euronext Growth Oslo in 2020, the company has significantly grown the business and become the leading aquaculture entity in the east fjords of Iceland. The company is the largest Atlantic salmon farmer in Iceland with integrated operations spanning hatchery to market.
Strategic Profile
Pro stress-test →Crystal clear Atlantic waters offer the perfect conditions for raising healthy fish of exceptional quality, with sea in open and deep Icelandic fjords always fresh due to circulating currents. The company uses no additives such as antibiotics, chemicals or delousing, and no anti-fouling on nets, as these are not needed in the exceptional conditions of cold clean Icelandic waters. The company's competitive advantage lies in premium product quality, sustainable operations, and geographic scale consolidation.
Competitive Landscape
Pro stress-test →Ice Fish Farm is the dominant salmon farmer in Iceland's east coast aquaculture sector. Main competitors include other Icelandic salmon producers (Arnarlax, Arctic Fish) and larger regional Nordic aquaculture companies. The company's scale consolidation through the Laxar acquisition (completed May 2022) significantly strengthened its competitive position relative to fragmented competitors.
Industry Context
Ice Fish Farm AS (Kaldvik AS) operates in Finfish Aquaculture - Atlantic Salmon Farming.
Key facts
Founded: 2012 · Headquarters: Seltjarnarnes/Eskifjörður, Iceland · Revenue: NOK 358 million (Q1 2024)