The foreign company poised to acquire a huge chunk of the province’s fish processing industry is promising to do so responsibly.

Royal Greenland, a major world player in the industry and owned by the Government of Greenland, is in the process of buying out the Quinlan Brothers operation. The sale involves the transfer of licences, so it’s subject to government approval.

It would also leave just three companies in control of the lion’s share of processing in the province, something the FFAW says is worthy of debate in the House of Assembly before being approved.

Royal Greenland’s CEO, Mikael Thinghuus, declined an interview while the sale is ongoing but did issue a statement to VOCM, saying he is aware of the concerns raised.

He said Royal Greenland is pleased the province is welcoming investment in the seafood sector, adding the company will continue to act as a responsible contributor in the province.

“At the current stage, we are pleased to see that the province welcomes investments in the seafood sector and we will continue to act as a responsible contributor to the seafood community in Newfoundland and Labrador.”