Halibut P.E.I., a fish farm that had been leaning heavily on innovative, land-based aquaculture techniques, has been bought by Norway’s Amar Group four months after filing for bankruptcy.
The Norwegian private equity company, which specializes in backing maritime innovation, hopes to continue with Halibut P.E.I.’s plans to scale up its operations, according to Knut Trellevik, President of subsidiary Amar Seafood. Norway is a global aquaculture giant, with the industry worth just under C$14 billion annually, according to that country’s government.
Founded in 2008 with its main compound in