- CEO
- Pedro Courard
- Full Time Employees
- 237
- Sector
- Consumer Defensive
- Industry
- Agricultural Farm Products
- Address
- Daugstadvegen 445 Vikebukt Norway 6392
- IPO Date
- May 2, 2018
- Business
- Atlantic Sapphire ASA Atlantic Sapphire ASA engages in land-based salmon farming through recirculating aquaculture systems, producing sustainable Atlantic salmon via its proprietary Bluehouse technology that optimizes growth conditions, minimizes environmental impact, and eliminates sea-based risks such as parasites, escapes, and ocean pollution. The company offers Bluehouse Salmon, a premium brand sold fresh across North America including the United States and Canada, and Sapphire Salmon, targeted at European markets; its core operations encompass salmon egg hatching, juvenile rearing, grow-out phases, and processing, with production facilities utilizing 99% recycled water, renewable energy sources where feasible, and advanced biofiltration for zero discharge of harmful effluents. Atlantic Sapphire ASA operates primarily through segments in Denmark and the United States, with key sites including the world's largest Bluehouse in Homestead, Florida, for Phase 1 and planned Phase 2 expansions targeting 25,000 tonnes annual harvest, and a facility in Hvide Sande, Denmark; founded in 2010 and headquartered in Vikebukt, Norway, the company serves wholesalers, supermarket chains, smokehouses, and value-added processors in major salmon-consuming regions. Recent developments include a May 2025 long-term feed supply agreement with Skretting for specialized RAS feeds and a planned Florida feed plant to enhance biological performance, water quality, and cost efficiency; in the same year, the company signed a lease agreement for its Danish facility to Maiken Foods; it secured reapproval for a USD 250 million Miami-Dade County bond in 2025 alongside a USD 35 million convertible loan from Norwegian and US investors to achieve Phase 1 EBITDA breakeven by late 2026, and reported nearly doubled H1 2025 revenue to USD 21.5 million driven by higher prices and volumes, with ongoing system overhauls, biomass adjustments, and operational optimizations reducing deficits.