Stranda Prolog bankruptcy puts EUR 7 million dent into Marel’s accounts

Published on
September 9, 2022

Kristiansund, Norway-based seafood-processing technology firm Stranda Prolog filed for insolvency on 5 September, 2022, in Norway’s Møre og Romsdal district court.

Marel, which purchased a 40 percent ownership stake in the company in January 2021, said it would take an estimated EUR 7 million (USD 7 million) impairment in its Q3 2022 financial accounts as a result of the move.

Founded in 1946, Stranda Prolog manufactures helix tanks, fish pumps, stunners, fish care products, and net-cleaning solutions. It had EUR 25 million (USD 25 million) in annual revenue and around 100 employees pre-COVID, and enjoyed relationships with many of the world’s largest salmon-processing firms ... 

Photo courtesy of Stranda Prolog

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