Pan Fish

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Pan Fish ASA
Type of Company	Public
Founded	1992
Headquarters	Stavanger, Norway
Key people	Atle Eide (CEO)
Area served	Norway
Industry	Seafood
Products	Salmon
Revenue	NOK 1,858 million (2005)
Operating income	NOK 309 million (2005)
Net income	NOK 339 million (2005)
Website	http://www.panfish.no

Pan Fish (OSE: PAN) is a Norwegian seafood and fish farm company with operations in Norway, Scotland, France, Faroe Islands, Canada and Japan. The company has its headquarters in Stavanger, Norway and is listed on Oslo Stock Exchange. The company ownes Fjord Seafood and Kritsen.

Contents 1 Operations 1.1 Norway 1.2 Scotland 1.3 Canada 1.4 Faroe Islands 1.5 France 1.6 Japan 2 History

[edit] Operations

[edit] Norway

In Norway Pan Fish ownes and operates 60 licences for fish farming in Møre og Romsdal and Sogn og Fjordane. The company also ownes Fjord Seafood and 44% of Aalesundfisk. Offices are located in Stavanger and the company has 260 employees in Norway.

[edit] Scotland

In Scotland Pan Fish ownes and operates 27 licences for fish farming on the West Coast of the Mainland. Offices are located in Paisley and the company has 169 employees in Scotland.

[edit] Canada

In Canada Pan Fish ownes and operates 32 licences for fish farming in British Columbia. Offices are located in Campbell River and the company has 220 employees in Canada.

[edit] Faroe Islands

In the Faroe Islands Pan Fish ownes and operates 11 licences. Offices are located in Hellurnar and the company has 20 employees in the Faroe Islands.

[edit] France

In France Pan Fish operates a smoked salmon factory in Brittany in addition to owning the seafood company Kritsen. Offices are located in Carhaix Plouguer Cedex and the company has 166 employees.

[edit] Japan

Pan Fish has a sales office in Tokyo, Japan with 7 employees.

[edit] History

Pan Fish was founded in 1992 with a strategy to acquire many fish farms domestically and abroad. By 1997 the company was listed on Oslo Stock Exchange. But at the turn of the millenium the bottom fell out of the fish marked, and Pan Fish, who had a high debt financing, was forced to sell out parts of the company and refinance its debt. As of 2005 the John Fredriksen company Geveran Trading Co controlled 47% of Pan Fish. As of July 6, 2006 Fjord Seafood was delisted from Oslo Stock Exchange and became a wholly owned subsidiary of Pan Fish.