Alsaker acquires Bolaks
Privately-owned salmon farmers agree deal
Alsaker writes that its purchase will create by far the largest privately-owned fish farming operation in western Norway.
Alsaker and Bolaks will together have more than 25,000 tonnes of maximum allowed biomass in production areas 2 and 3 and will constitute a strong locally owned aquaculture player with strong roots in many local communities in western Norway. The production potential of the combined group will exceed 50,000 tonnes.
Significant operational benefits
According to a press release, the business will benefit from a shared and fully integrated value chain and will be able to optimise the utilisation of hatchery facilities, locations, wellboats, service boats and slaughterhouse. Alsaker writes that it is convinced that the acquisition will secure local jobs and trigger significant operational benefits throughout the entire value chain.
Bolaks writes that it is pleased to announce that through this transaction it is securing the company's operations and further investment in Bjørnafjorden.
"As part of Alsaker, which we know as a well-run fish farming group, Bolaks will be stronger and have good development opportunities going forward," said chief executive Grunde Bruland. The purchase is subject to approval from relevant competition authorities.
DNB Carnegie was financial advisor and Simonsen Vogt Wiig was legal advisor to Alsaker. Schjødt law firm and Law.no law firm were legal advisors to the sellers.
About the companies
About Alsaker: Alsaker AS is the sole owner of Alsaker Fjordbruk AS, a leading aquaculture group in Norway, located at Onarheim in Tysnes municipality in Vestland. The group has 24 concessions and an integrated value chain with its own hatchery, slaughterhouse, wellboat and service boats, and is one of the most profitable aquaculture operations in the world. Alsaker AS is wholly owned by Meidell AS, of which Gerhard Meidell Alsaker is the sole shareholder.
Alsaker AS produced 30,000 gutted weight tonnes of salmon in 2024, making it the eighth largest producer in Norway, according to a table in the 2025 edition of Mowi's Salmon Farming Industry Handbook.
About Bolaks: Bolaks is a locally-based aquaculture group operating in the municipality of Bjørnafjorden. The company owns 10 commercial food fish concessions, 2 broodstock concessions and one licence for land-based aquaculture production. In addition, Bolaks owns the majority of the shares in Sævareid Fiskeanlegg AS, which means that the group is fully integrated in production, from broodstock/ova to food fish.
