We are Iceland Seafood
Global Trends
Global Fisheries Production
Share by Capture and Aquaculture (Millon MT)
Aquaculture production has now surpassed wild catch. It has absorbed the growth in global demand and will continue to play a critical role in protecting wild fish populations as demand for seafood continues to rise.
Global consumption DIVIDED per capita (2018)
Seafood accounts for about 37% of global consumption per capita
Seafood leads the way in global human consumption per capita of animal protein with developing countries driving total consumption growth with a CAGR of 1.1% between 2018 and 2028 (developed 0.35%).
Ageing population and middle class growing
and a parallel increase in seafood consumption
Ageing population
Middle class growing
A growing majority of the population is ageing, middle class, focused on healthy eating and demanding innovation in preparation and tastes: Increasing seafood consumption.
Drive towards healthy living: governments promote seafood as consumers, especially millennials, adopt healthier diets: This drives demand for quick, tasty, and sustainable food solutions that align with social standards.
Our heritage
Iceland Seafood International is proud of its strong heritage and history and continues to build on that foundation as a respected industry leader
1932
The Union of Icelandic Fish Producers (SÍF)
Founded in 1932 for export of salted fish products.
1935
The Herring Board
Founded in 1935 for the export of salted herring from Iceland.
1957
Samband of Iceland
establishes a seafood division for export of frozen seafood.
1999
Armengol
Spanish company purchased in 1999.
1999
Merger: SÍF and Iceland Seafood Plc.
Including the Herring Board, under the name SIF Plc.
2004
SÍF Plc founds Iceland Seafood International
in order to take over all export and sales of marine products.
2008
Tros
The first company to export fresh fish from Iceland became a part of Iceland Seafood.
2010
IS Barraclough
Acquired in 2010 and marks the beginning of value-added operations in the UK food service industry.
2012
Havelok
Founded as a joint venture, it was merged with Iceland Seafood Barraclough in 2020 to form Iceland Seafood UK.
2016
First North listing
Iceland Seafood listed on the First North Iceland market.
2018
Oceanpath
Purchased in 2018, Oceanpath is the largest seafood provider in the Irish retail market.
2018
Solo Seafood
Purchased in 2018, creating a strong integrated company in the Southern European market.
2019
Main Market listing
Iceland Seafood International lists its shares on the Nasdaq Iceland Main Market.
2020
Elba Seafood
Purchased in 2020, Elba is a great addition to well positioned S-European operation.
2020
Iceland Seafood UK
Merger of Iceland Seafood’s two UK-based companies, Havelok Ltd and Iceland Seafood Barraclough, in one.
2020
Carr & Sons
Acquisition of Carr & Sons Seafood Ltd, an Irish seafood processing company specialising in high-quality smoked salmon production.
2020
Ecomsa
Iceland Seafood completes the sale of the Malaga-based distribution company Ecomsa to Aquamar Gold SL.
2021
Ahumados Domínguez
Iceland Seafood completes the acquisition of Ahumados Domínguez.
2022
90th anniversary
90th anniversary Happy Birthday! Founded in 1932, Iceland Seafood celebrated its 90th anniversary this year.
2023
Iceland Seafood UK
Sale of 100% of share capital of Iceland Seafood UK to Espersen A/S, a Danish value-added producer.
2024
Elba Seafood
Integration of Elba Completed on 1 January 2024, Elba has been fully integrated into Iceland Seafood Ibérica’s structure
2025
Thorpesca
IS Ibérica establishes its subsidiary Thorpesca to acquire and manage two freezer fishing vessels in Argentina along with their fishing rights.
Our Companies
- Iceland Seafood Iceland
- Oceanpath
- Dunn’s of Dublin
- Carr & Sons
- Iceland Seafood Germany
- Iceland Seafood France
- Iceland Seafood Ibérica
- Ahumados Domínguez
- Achernar
- Thorpesca
- Iceland Seafood Iceland
- Oceanpath
- Dunn’s of Dublin
- Carr & Sons
- Iceland Seafood Germany
- Iceland Seafood France
- Iceland Seafood Ibérica
- Ahumados Domínguez
- Achernar
- Thorpesca
Our headquarters are in Iceland, and we operate three divisions with nine businesses in Europe and South America.
Our history and heritage date back to 1932 from three associations: the Union of Icelandic Fish Producers (SIF), founded in 1932; the Herring Board, founded in 1935; and the Seafood Division of Samband of Iceland, founded in 1957.
Our strong roots in the Icelandic seafood sector form the basis of our expertise and long-lasting relationships built on trust and reliability. Today, Iceland Seafood is a respected industry-leading North Atlantic seafood supplier and a leading service provider in our markets.
We are one of the largest exporters of Icelandic seafood products and an essential processor of high-quality seafood in the Spanish and Irish markets. We serve all major seafood markets worldwide, and we have a depth of expertise and understanding to meet our customers’ needs, combined with innovative, flexible solutions and strategic global distribution.
- Iceland Seafood Iceland
- Oceanpath
- Dunn’s of Dublin
- Carr & Sons
- Iceland Seafood Germany
- Iceland Seafood France
- Iceland Seafood Ibérica
- Ahumados Domínguez
- Achernar
- Thorpesca
Our Companies
Sales & Distribution Division
Iceland Seafood Iceland is a leading exporter of premium seafood products, delivering the rich bounty of Iceland’s pristine waters to global markets. With expertise spanning fresh, frozen, salted, and dried formats, we ensure the highest quality and tailored solutions for distributors worldwide. As a part of the Group, it plays a key role in supplying over 30 countries with reliable seafood solutions tailored to the specific needs of distributors and their customers. This seamless integration of Icelandic tradition with cutting-edge logistics reinforces our position as a trusted partner in the global seafood industry. www.icelandseafood.is
Iceland Seafood France, based in Boulogne-surMer, provides high-quality seafood from Iceland and various global sources. The company supplies fresh and frozen products to food service, retail and processors in France. www.icelandseafood.fr
Iceland Seafood Germany, located in Bremerhaven, supplies high-quality fresh seafood. Fresh fish is mainly flown in from Iceland for delicatessen stores, food service, and retail. We have specialised in marketing high-quality fresh fish from Iceland, now under the Icelandic® brand. www.icelandseafood.de
Southern Europe Division
Iceland Seafood Ibérica is a key company within the Iceland Seafood International Group. Its facilities are in Viladecavalls, near Barcelona, and it also runs offices in Vigo, Bilbao and Italy. It offers a variety of frozen and salted products from all major fishing grounds in the world. The company handles refrigerated and frozen products, catering to key markets such as Spain, Italy, Portugal, and Greece. It operates a production plant optimised for high volumes that reinforces its status as the Mediterranean’s largest importer of salted cod from Iceland, blending industry expertise with a commitment to excellence and sustainability. www.icelandseafood.es
The company also runs Achernar, a factory in Argentina processing shrimp for all markets. It was founded in 2012, and in 2017, after being acquired by Icelandic Ibérica, it undertook the first phase of investments with the purchase and transformation of the plant in Puerto Madryn. The company specialises in processing and exporting the Argentinean Red Shrimp. In 2019, the merger with Iceland Seafood led to a further strategic and investment boost and positioned it as one of the leading exporters in the south of Argentina. www.achernar.ar
Ahumados Domínguez is the latest addition to the Iceland Seafood family. The company is known for producing premium-quality smoked salmon. It has a strong brand and consumer recognition in the Spanish retail market. It actively runs consumer campaigns and has direct consumer-facing through its speciality stores. The Ahumados Domínguez brand is among Spanish retail’s most dominant brands in the smoked salmon sector. www.ahumadosdomínguez.es
Northen Europe Division
From Dublin’s Shores to the most discerning tables Oceanpath, established in 1991 by the Ecock family, is a leading seafood processor in Howth, Dublin. Over the years, it has become one of Ireland’s largest fresh and smoked seafood suppliers, serving All Irish retailers and food service providers. Oceanpath is renowned for its commitment to quality, innovation, and sustainability, employing advanced traceability systems and high standards in seafood processing.
Dunn’s Legacy, Oceanpath’s Future: in 2006, Oceanpath acquired Dunn’s of Dublin, Ireland’s oldest seafood brand, established in 1822, expanding its portfolio, particularly in premium smoked seafood.
Dunn’s smoked salmon gained international recognition for its quality. In 2020, Carr & Sons joined the Oceanpath group, which enabled us to further diversify our product range with a range of smoked salmon and ready-to-eat seafood products. In 2018, Oceanpath became part of Iceland Seafood International, strengthening its global reach while maintaining its commitment to traditional values and exceptional products.
Our product range: with its combination of heritage and global reach, Oceanpath is the trusted partner for high-quality, sustainable seafood solutions. It offers a diverse range of fresh fish, ready-to-eat seafood products, hot and cold smoked salmon, smoked fish, and shellfish.
Value-Added Operations
Iceland Seafood’s presence through strategic alliances and cooperation
On Cod
Strategic investor operations
Capture
Seven major fishing and processing companies are in the shareholder Group, creating a vertically integrated supply chain to the end consumer.
Primary Production
Iceland Seafood purchases primary processed products from its suppliers and shareholders.
Iceland Seafood's operations
Sales & Marketing
Products are sold to customers worldwide and prepared for further processing of value-added products.
Production, Value-Added
Iceland Seafood’s value-added segments create additional value by further processing primary processed products close to their customers to suit their needs.
Customers
Retail, Food Service
The Iceland Seafood Value-Added Division sells its products to food service distributors (HORECA), industrial users and retailers.
On atlantic Salmon
Strategic investor operations
Farmed Fish
Iceland Seafood companies purchase whole fresh salmon from the farmers.
Iceland Seafood’s operations (Ahumados Domínguez & Oceanpath)
Primary Production
The ISI companies fillet and process the salmon according to customer needs.
Sales & Marketing
Products are mostly sold fresh to retail customers
and for further processing of valueadded products.
Production, Value-Added
The salmon is further processed. Smoked, marinated, flavoured, frozen or other, all according to customer needs.
Customers
Retail, Food Service
The value-added products are sold in retail stores, food service and own stores in the case of Ahumados Domínguez.
On Argentiniean Red Shrimp
Strategic investor operations
Capture
Achernar purchases fresh shrimp directly from the fishing ships/boats at landing.
Iceland Seafood’s operations (Achernar)
Primary Production
The shrimp is processed and packed in our factory in Argentina under our Seastar Brand.
Sales & Marketing
Products are sold to customers worldwide and prepared for further processing of valueadded products.
Value-Added Production
The shrimp is further processed to make tail-on, peeled, and other valueadded products.
Customers
Retail, Food Service
The products are mostly sold in food service (HORECA) and retail.
Sourcing Areas
Argentina
Canada
Chile
China
Denmark
Ecuador
Estonia
Faroe Islands
France
Gambia
Germany
Greece
Guatemala
Iceland
India
Ireland
Latvia
Lithuiania
Morocco
Namibia
Netherlands
New Zealand
Norway
Russia
Scotland
Senegal
South Africa
South Korea
Spain
Tanzania
Thailand
Tunisia
Turkey
U.S.A.
Uganda
Vietnam
Main Markets
Australia
Belarus
Belgium
Brazil
Bulgaria
Canada
China
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Great Britain
Holland
Hong Kong
Iceland
Ireland
Israel
Italy
Kazakhstan
Korea
Latvia
Lithuania
Malasia
Moldova
Nigeria
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
U.S.A.
Ukraine
Uzbekistan
Vietnam
Product Lines
Ready meals
Fresh products
Coated products
Shellfish
Smoked fish
Landfrozen
Light salted
Wet salted
FAS - Frozen at sea
Pelagic fish
Cephalopods
Dried products
Our Brands
Iceland Gold
Quality fresh & frozen seafood from Iceland.
Seastar
Selected quality seafood from selected origins.
Dunn’s of Dublin
The premium retail brand for smoked products.
Carr & Sons
The traditional taste of Ireland with the needs of the modern consumer.
Nolan's
Ireland’s leading producer of quality Irish seafood.
Ahumados Domínguez
The World’s Only Aromatised Salmon The different taste.
Elba
Design in cod.
Banord
Broad product range widely sourced.
Las Ta-Pas
Spanish“Tapas & Pinchos” and cod based ready meals.
Islandia
Quality wet salted and light salted seafood products from Iceland.
Icelandic
Premium seafood products, sustainably sourced from Iceland’s clean waters.
Our Brands and
Private Label Sales
B2B
29.2% of sales
B2C
5.5% of sales
Retail Brands
14.5% of sales
Total Brand & private label Sales
Iceland Seafood has historically had strong brands that differentiate on the merits of quality, consistency, and ability to deliver.
That has resulted in higher margins and more sustainable business.
Owning our consumer brands is an important part of the strategy to diversify from food service to retail.
49.3% of sales
Board of Directors
Birna Einarsdóttir
Chairman of the Board
FIRST ELECTED: November 2023
Birna was the CEO of Íslandsbanki hf. from 2008 – 2023. She has over 30 years of experience in the banking sector, both in Íslandsbanki and in the Royal Bank of Scotland. Before her banking career, she worked in marketing.
Education: Business Administration, Cand.oecon from the University of Iceland and has an MBA from the University of Edinburgh.
Jakob Valgeir Flosason
Board member
FIRST ELECTED: February 2019
Jakob has an extensive knowledge of the Icelandic fishing industry from all perspectives, a knowledge that not many people possess. He has been involved in every aspect of the sector from early age, working in factories, on fishing boats and building up the family company to become one of the most technology advanced and leading company within the Icelandic fishing sector.
Jakob is currently a board member of Sigurbjörg ehf., HRock ehf., BB29 ehf., Klofningur ehf., Valgeir ehf., B1917 ehf., Sýr ehf., Itsorf ehf., Salting ehf., Breiðhella ehf., Karlsbali ehf., Gafl ehf., Hamarshöfði 4 ehf., B15 ehf., Fiskmarkaður Vestfjarða hf. and EA 30 ehf.
Bergþór Baldvinsson
Board member
FIRST ELECTED: March 2020
Bergþór has been the CEO of Nesfiskur since 1979. Nesfiskur is a family-owned company that Bergþór and his parents established in 1975. Working at Nesfiskur since a teenager, Bergþór has familiarised himself with every aspect of the industry. The small family company has grown constantly since its beginning; today, Nesfiskur and its subsidiaries employ around 400 people.
Bergþór is a board member of FSM hf, Umbúðamiðlun hf, Nesfiskur ehf, and companies within the Nesfiskur Group.
Ingunn Agnes Kro
Board member
FIRST ELECTED: February 2019 as an alternate Board member and as a Board member from March 2020
Ingunn is the chairman of RARIK ohf. (the state´s electricity grid company), a board member of Sjóvá Almennar tryggingar hf. (insurance company), Freyja slhf. (private equity fund), Miklatorg hf. (IKEA franchisee), Sóltún heilbrigðisþjónusta ehf. (nursing homes) and the Wetlands Fund (environmental NGO).
Previously, Ingunn was the general manager of Jarðvarmi slhf. and a Director of Administration and Communication at Skeljungur hf., a company listed on Nasdaq Iceland, heading internal and external comm
.
Halldór Leifsson
Board member
FIRST ELECTED: March 2020
Halldór is Marketing and Sales Director at Fisk Seafood ehf. He has worked in the seafood industry since 1990 in all the key segments, including management of production, fleet, sales, office, and finance, as well as in the role of deputy MD and MD. Halldór holds a degree in Fishery Technology from the Technical University of Iceland and has studied Business Management at the University of Reykjavík and business courses at the University of Iceland. Halldór is the principal owner and board member of the company Haf-sjór slf.
Gunnlaugur Karl Hreinsson
Alternate Board member
FIRST ELECTED: October 2023
Gunnlaugur Karl Hreinsson is the CEO and owner of GPG Seafood. Gunnlaugur has decades of experience within the seafood sector.
Gunnlaugur is the chairman of the board of GPG Seafood ehf, Þórsnes ehf, Sólrún ehf, Austmar ehf and Útgerðarfélag Norðurþings ehf. He is a board member of Safír byggingar ehf and Sæfell ehf in addition to his alternate board membership with ISI hf.
Executive Management
Ægir Páll Friðbertsson
CEO
Ægir Páll has over 30 years of management experience in the finance and seafood sectors as well as consulting for various companies.
- From 2018 until October 2023 Ægir Páll was the COO of Brim hf (previously HB Grandi).
- From 2015 until 2017 he was Managing Director of Brim hf , now known as Útgerðarfélag Reykjavíkur – ÚR.
- From 2010 until 2014 he was in consulting. • From 2001 until 2009 he was Managing Director of Ísfélag hf.
Ægir Páll holds an MSc in Finance from the University of Iceland, and Cand Oceon degree from the University of Iceland.
Ægir Páll is currently the chairman of the board of Jöklar-Verðbréf hf. and a board member of Viðskiptaráð (e. Iceland Chamber and Commerce) and Íslandsstofa (e.Promote Iceland). Ægir Páll is also a board member of several of the Issuer’s subsidiaries.
Alda Björk Óskarsdóttir
CFO
Alda is a certified public accountant with wide experience in financial management, accounting, and auditing. Alda joins ISI from Treble Technologies; previously, she served as a financial controller at Sidekick Health and as an auditor at Grant Thornton and PWC.
Alda holds an MSc in International Business and a MACC in accounting and auditing from Reykjavík University, along with a BA in psychology from the University of Iceland.