Reference is made to the notification sent on 12 June 2015. Hofseth BioCare ASA has completed the transaction in the share purchase agreement and as of 9 October 2015, HBC holds 15 percent of the shares in HFS Alliance in Tokyo, Japan.
The sales company is established, inter alia, jointly with Alliance Seafood. The company will have its offices in Yokorei Shintomi Building in Tokyo. Alliance Seafood is a subsidiary of Yokohama Reito Ltd., a leading Japanese company in the distribution of food and related activities and is listed on the Tokyo Stock Exchange.
The new company has the primary responsibility for sales and distribution of HBC products in Asia. Deliveries on the agreement previously announced with Holley International in China, began in late July / early August and shipments to China are well underway.
Meanwhile, HBC employees Tor Erik Andersen as new COO. Andersen will have the daily operational management of the company, with particular focus on production and deliveries on existing and new contracts. He comes from a position as Managing Director and Senior Vice President of Western Bulk Pte Ltd.
For more information, please contact:
Jon Olav Ødegård, CEO Hofseth BioCare ASA
Mobile: +47 936 32 966
Email: joo@hofsethbiocare.no
Jon Olav Ødegård, CEO Hofseth BioCare ASA
Mobile: +47 936 32 966
Email: joo@hofsethbiocare.no
About Hofseth BioCare:
Hofseth BioCare is a Norwegian biotech company that offers high-value ingredients and finished products for humans and pets. The company is founded on the core values of sustainability, traceability and optimal utilization of natural resources. Through an innovative hydrolysis technology, Hofseth BioCare is able to preserve the quality of salmon oil, proteins and calcium, prepared of fresh salmon off-cuts. Hofseth BioCare`s objective is to contribute to the efficient use of marine resources and deliver quality products for ingredients and finished consumer products in the nutrition market.
Hofseth BioCare is a Norwegian biotech company that offers high-value ingredients and finished products for humans and pets. The company is founded on the core values of sustainability, traceability and optimal utilization of natural resources. Through an innovative hydrolysis technology, Hofseth BioCare is able to preserve the quality of salmon oil, proteins and calcium, prepared of fresh salmon off-cuts. Hofseth BioCare`s objective is to contribute to the efficient use of marine resources and deliver quality products for ingredients and finished consumer products in the nutrition market.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.