NEWS FEED & ADDITIVE MAGAZINE May 2024 93 Icelandic salmon producer LAXEY successfully completed a EUR 40 million capital increase, and it was announced that Nutreco is one of its new investors. LAXEY, a hybrid flow-through salmon project located on Vestmannaeyjar, also referred to as the Westman Islands, was founded in 2019. The project is building on the legacy of the local fishing industry while tapping onto the natural advantages of land-based aquaculture in Iceland. LAXEY’s main owners, the Oskarsson family, have 75 years of fishing heritage behind them. They had started their first round of fundraising last autumn, hoping to attract international investors in order to reach its production goal of 4,500 metric tonnes of salmon in 2025. They have set their sights on 27,000 metric tonnes by 2030. Skretting emphasizes that it holds a strong position in Iceland, the fastest growing market in the salmon industry, and is also a global leader in feed to closed aquaculture systems (CAS) farms. With this investment in place, Skretting has committed to supplying LAXEY with feed through the whole build-up phase of the project. “In Skretting we believe in close and long-term collaboration with fish farmers in order to release the full potential from nutrition, feeding and efficient logistics,” says Håvard Walde, General Manager of Skretting Norway. “We are very proud to partner with LAXEY. This partnership puts us in a good position to prepare for our next steps in Iceland.” Read more>> Skretting commits to supplying feed to salmon project In recent years, Argenta’s Research, Development & Innovation (RD&I) business grown substantially, both organically and through several acquisitions. In addition, the company has progressed its product development partnership with NovaQuest. Now, the company has restructured RD&I into two new divisions, CRO Services and Pharmaceutical Development Services (PDS), each with its own dedicated leadership and focus. With this restructuring, Argenta aims to better leverage the scale and expertise of its CDO, CRO and Product Development teams across the world to improve its services and offerings to clients. "The new structure will enable us to work together more efficiently, deliver our strategy more effectively, and provide the best service to our customers and co-development partners," said Will Downie, CEO at Argenta. As a result of the restructure, Edward McGruder, Global Head of RD&I, has decided to leave the company and pursue new career opportunities. McGruder joined Argenta in 2019 and during his tenure, the company has benefitted greatly from his expertise, network in the animal health industry, and vast R&D experience. “I would like to take the opportunity to thank Edward for everything he has done for the company, for the leadership legacy he leaves us with, and wish him the very best in his future endeavours,” Downie added. Read more>> Argenta reconfigures RD&I division
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