The Dutch-based nutrition firm Nutreco acquired the unit for £ 32.7 million, adding it to its fish food and salmon farming unit. After deciding to divest Marine Harvest McConnell so as to concentrate on its core cash and carry business in 1998, Booker eventually succeeded in finding a buyer in July 1999. With ownership of the company passing to Booker plc it was merged with Booker's aquaculture subsidiary, McConnell Salmon. Two years later Booker Plc took the company private with the MHI shrimp division, in Ecuador, being sold to Pronaca (an Ecuadorian feed company). Marine Harvest International (MHI) IPO on the Amex made it the first pure aquaculture play on the global stock markets. In 1992, Unilever sold the business to Lord's Hanson and White, together with Ground Round restaurants, Tommy Armour golf clubs and a tuna processor in Long Island California. The company began operations in Chile in 1975, where fishmeal raw material, originally supplying the chicken protein farming industry, started developing alternative markets in salmon and shrimp proteins. Unilever had been developing farming methods at a research facility there. The first company to use the name Marine Harvest was founded in Lochailort, Scotland by Unilever in 1965 at the outset of the Atlantic salmon farming industry. History Constituent companies Marine Harvest Mowi operation on Loch Ailort, Scotland, one of the oldest Atlantic salmon farms. The group is headquartered in Bergen and is listed on the Oslo Stock Exchange where it is a constituent of the benchmark OBX Index. The company assumed its current form as a result of massive expansion in 2006, when Pan Fish ASA conducted an effective three-way merger with Marine Harvest N.V. Mowi also owns a 'value added processing' unit, which prepares and distributes a range of seafood products, and a number of smaller divisions. The group has a share of 25 to 30% of the global salmon and trout market, making it the world's largest company in the sector. The company's primary interest is fish farming, primarily salmon, the operations of which are focused on Norway, Scotland, Canada, the Faroe Islands, Ireland and Chile. Mowi ASA, formerly known as Marine Harvest ASA (until January 1, 2019), (Pan Fish prior to February 6, 2007), is a Norwegian seafood company with operations in a number of countries around the world.
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