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Detailed Selling Lead Description
Subject: Havyard MMC and First Process in merger
The boards of Havyard MMC and First Process have now signed an agreement
with the intention of a merger. The companies and managements have known
each other for many years, and last autumn they held talks regarding a closer
cooperation. First Process has aimed to add more strings to its bow in order to
realise planned growth. MMC has worked on several new developments within
the pelagic sector and wanted to strengthen its position within this area.
Hence, talks led to a merger between the two companies and the aim is to have
the merger completed by this spring.
Our companies complement each other in terms of competence, products and
markets. We are now able to deliver larger equipment packages and more
complete packages, compared to what we do today, say CEO Leif Gjelseth of
MMC First Process and Vice President Petter Leon Fauske of the new
MMC First Process will become a total supplier within fish handling. With
MMC’s Fish Handling in Fosnavaag, First Process in Sjøholt and MMC Kulde
(chilled fish handling) in Vigra, Haugesund and Tromsø, MMC First Process will
now have complete competence like no one else.
MMC First Process is going to gain increased market share and innovation
power. With the three business areas gathered under the same umbrella, there
is scope for further growth and development in a unique way. For customers,
this will mean simplified and improved solutions and a wide spectre of services
from the same supplier, says Petter Leon Fauske of First Process, who will
become Vice President of the merged company.
The new company offers whatever equipment necessary, from getting fish out
of the sea to the packing of household portion packs. There is currently an
extensive development of solutions, such as completely new systems for fish
shore plants and deep-freezing solutions. In this development work, there is
importance put on solutions requiring less work force, less energy and less
packaging and internal transport. In addition, flexibility is key in relation to the
Havyard as a leading maritime technology company
CEO Geir Johan Bakke says that the merger between MMC and First Process
is in accordance with Havyard’s strategy to become a leading maritime
The companies of MMC and First Process complement each other in a very
good way and this merger will make us a more complete participant within fish
handling, which our main partners such as customers, employees, owners and
suppliers will benefit from.
The company will provide work for 130 employees and aims for continued
growth. Order backlog currently totals NOK 260 million, with expected turnover
at NOK 500 million for 2017. The company delivers equipment packages for live
fish carriers and fishing vessels, shore-based pelagic plants, equipment for
aquaculture, ballast cleansing and a considerable share towards service and
aftermarket within all these segments.