General

Paine Schwartz Partners is a private equity firm specializing in sustainable food chain investing. With a differentiated focus on the global food and agribusiness sectors, we leverage our thesis-driven approach and operational expertise to address complexity and enhance value in each of our investments. Paine Schwartz Partners recognizes that capital is a commodity, but ideas are not. Our professionals have experience managing challenges in food and agribusiness and investing globally across the value chain and throughout cycles. We use our industry expertise and financial knowledge to identify opportunities.

Scanbio Marine Group is a leading producer of feed ingredients from sustainable marine and aquaculture sources 100% owned by US-based private equity firm Paine Schwartz Partners. The company’s business addresses the growing global market demand for protein and fish oil ingredients.

Scanbio Marine Group is established in Trondheim, Norway, with production facilities in Bjugn and Lysøysund, Norway, transport vessels among Norwegian coastline and storage platforms in Scotland and Denmark.

Scanbio is a leading Norwegian producer of highly nutritious fish protein concentrates and fish oils which are valuable ingredients for the aquaculture feed, animal feed, Petfood, and bio-fuel markets from pelagic, white fish and salmon by-Products. The Company’s business addresses the growing global market demand for protein ingredients from sustainable and renewable sources.

Sustainability is a core value for ScanBio. No fish is caught specifically to supply our factories, and all our by products come from human grade processing units.

Our history

A story that began in 1909…

Scanbio’s base foundation is inherited from the rich Norwegian Herring fishery. It all started after the extremely rich herring season of 1909 during which Skipper Peter Jakobsen could not get his catch sold to salting because off the size of the fish. So much blood, sweat and danger behind a catch that did not give any profit. Mr Jakobsen with his brother then decided that this was not to happen again and fitted his fishing vessel with a cooker and a press and in 1910 had the first floating Fishmeal and oil factory. Throughout all this period a large part of the protein faze “stick water” was discharged into the sea driven by a lack of technology to handle soluble protein. During the Second World War after extensive R&D, a solution was found and patented. This technology is today widely used throughout the whole fishmeal and oil industry and earned the founders huge profits in Patented Royalties. Simultaneously production of seaweed meal was commenced and research on how to preserve fish in” fresh state” launched. The following years saw a consolidation of the Norwegian wild catch processing industry with more and more centralized units with the rise and fall of fish quotas

+ -

1989 : ScanBio starts it first hydrolysis process unit in the same buildings than a historical filleting plant 1992 : Investment on a second separate processing line to follow the booming salmon farming industry 2010 : Norway’s first fish-mortalities processing plant was opened 2011 : The local owners, since the complete restructuring in 1984, continued to see future growth and prosperity for Scanbio through product and service developments but to achieve prospects new capital would be required. Process was initiated and by November, 2011 Paine & Partners, with its industrial alibi and capital strength, had closed the purchase of Scanbio Marine Group with all its activities. 2013 : Scanbio acquired a competing service business and by that established the dominant service provider for Aquaculture mortalities in Norway Since 2011 Scanbio R&D program has been focusing on development of more functional ingredients through its unique hydrolysis process and creating more bio activeness in its product range and expect to be launching a brand new sustainable hydrolysed fishpowder to the market soon

Key Figures

Operating fleet capacity

Tons per Year processing capacity

CUBIC METER STORAGE

Docking operations per year

Management

JOHN BINDE

CHIEF EXECUTIVE OFFICER

John Binde (1959) holds a MSc degree in Mechanical Engineering from Norwegian University of Science and Technology. Before joining ScanBio as CEO in 2015, he served as an Operating Director at ScanBio’s owner, Paine & Partners LLC, since 2014. Mr. Binde has extensive operational experience from the aquaculture industry. from 2004 until 2014, he served as CEO of Norway Royal Salmon ASA (“NRS”), a fully integrated salmon farming company, involved in the production, harvesting, and exporting of salmon and trout to more than 50 countries. Prior to his role at Norway Royal Salmon, Mr. Binde served as Chief Executive Officer and in other senior executive level roles at companies in Norway and other international territories, including Erling Haug AS, Lade Metall AS, Setsaas AS and Golar-Nor Offshore AS.

ESPEN MÜLLER

CHIEF FINANCIAL OFFICER

Espen Müller (1963) holds a Master Degree from Norwegian School of Economics and Business Administration (NHH) in finance and strategic planning. Before joining ScanBio he has worked for 10 years in AquaGen as CFO and CEO. Prior to his years in AquaGen, Mr. Müller has been working for Atmel Norway, Trustix, Fokus Capital Markets and DNB. Mr. Müller has extensive experience in executive positions the seafood business and various financial institutions. Mr. Müller resides in Trondheim.

MARIANNE BÆRØY

PRODUCT & QA MANAGER

Marianne started working in Scanbio in February 2015 at the laboratory. She has worked in different laboratories in Norway, such as Weifa AS, Takeda Nycomed and Apotekproduksjon. She has a bachelor in Chemical Engineering and works as the Quality Manager at Scanbio, where she is responsible for the in-coming raw materials, the production process and the finished products and its quality.

KAMEL GABRIEL EL KHALOUI

HEAD OF SALES

Phone: (+33) 6 88 85 89 60 Mail: kge@scanbio.com

Kamel Gabriel EL KHALOUI holds a MSc Degree in Agriculture with specialization in Food Science from French Agri Engineers School (ENITA) and a certificate in corporate Finance from HEC. Before joining ScanBio as Head of Sales, he served since 2006 as R&D manager then in 2009 as Sales Manager in protein Hydrolysate sector for Diana Group Symrise. In 2013 he was appointed sales & product developement director of a major european Petfood company (ATM) addressing mass european grocery market and specialized distribution. Mr EL KHALOUI served in various positions related to business developement, with a focus on sales performance, logistics organization, and strategic marketing in B2B, B2C, and commodity markets.

KARSTEN HIMMELSTRUP

HEAD OF PURCHASE & RAW MATERIAL PROCUREMENT DIRECTOR

Phone: (+47) 4522 5564 Mail: kh@scanbio.com

A Scanbio Operating Director since August 2014. Mr. Himmelstrup has worked within the aqua culture industry in Norway and Internationally since 1995, and has experience from farming of Salmon, Cod, Seabream, Seabass, Tilapia and Tuna in more than 20 countries. For 6 years he served as CEO of Seafarm Systems AS, a Tasmanian-Norwegian company which projected and built; service vessels, net cleaning robots, farm cages, farm nets, marker buoys, mort collector systems and equipment for mass mortality handling. Prior to his role at Seafarm Systems, Mr. Himmelstrup served as Sales & Marketing Manager at companies in Norway, Denmark and other international territories, including; OPD Group AS, Grieg Seafood ASA, Hvalpsund Net AS, Dynamic Food SA and Vestjyske Slagterier a.m.b.a

ROGER ROSTAD

HEAD OF PRODUCTION

Graduate as Dairy/process technician with extra management/organization training. Mr ROSTAD Started up,developing Norways first privat dairy business ( Synnøve Finden ) Later product and quality improvement in Tine dairy. he supervised Building, and start up of Biokraft Marin AS.

Corporate Ethics Guideline

ScanBio’s corporate values are based on our vision to be a leading producer of marine protein concentrate, hydrolysed meal, and fish oil processed from pelagic, white and salmon by-Products. Our operation shall be based on environmental, social and economic sustainable principles. ScanBio takes a very conscious approach to its responsibility regarding ethical conduct, socially and environmentally. The Group’s ethical guidelines for conduct shall reflect the values represented by the Group and shall guide the employees to make use of the correct principles for business conduct, impartiality, conflicts of interest, political activity, entertaining customers, processing information and duty of confidentiality, relationships with business partners, corruption, whistle-blowing, bribes etc. Each employee is individually responsible for practicing the ethical guidelines. The corporate management is responsible for ensuring compliance with the regulations. ScanBio has a principal rule that the strictest requirements shall always be targeted. In the event of nonconformities, measures shall be taken to improve the situation. The Group’s goal is to contribute towards improving human rights, labour rights and environmental protection, both within the Group, in relation to suppliers and subcontractors and in relation to trading partners.

John BINDE, CEO

HMS Policies

Product

Scanbio Marine Group AS produces FPC, fish oil and fishmeal and we must ensure that our raw materials and our process meets the national and international requirements that apply to these types of product. We will also actively participate in the development and production of special products tailored to specific niches in the feed and food market.

HSE

The aim of the HSE work in Scanbio Marine Group AS is that the emplyees enjoy working at Scanbio, motivated employees, that it is a safe place to work, and that the company shall not cause accidents, injuries or losses that affect

human life and health
the external environment
construction and manufacturing

+ -

Quality Policy

Scanbio Marine Group’s products are used as raw materials in compound feed for fish, livestock and fur animals. We will ensure that our raw materials and our process meets international standards applicable to such product types.

Our quality management system described in this quality manual. The system covers all processes, which determine the delivered product’s quality. All employees should know the system and at any time following the instructions and procedures described.

Through employment, training and business training, we will build a motivated team of employees who have sufficient expertise for the implementation of the various tasks.

Management group will by an annual audit of the system ensure that it is operational and functions as intended.

In our quality work we emphasize that the production will take place in a secure way. Our internal controls, to safeguard health, safety and environment, will therefore be coordinated with the quality assurance system.

Implementation of the objectives

The management will strive to achieve its objectives by

Provide quality assurance work, the working environment and safety and the protection of the environment a high priority and apply quality assurance and internal control system as an active management tool for the daily management.
Ensure that all employees receive the necessary training
Correcting the causes of deviations
Ensure that every manager is responsible for and given the authority and resources to implement measures and monitoring requirements stipulated in the laws, regulations and internal procedures.
Develop annual action plans.

CAREERS

Open positions :

SCANBIO INGREDIENTS

SCANBIO INGREDIENTS (ANIMAL NUTRITION) Bjugn, Norway

SCANBIO MARINE GROUP HEADQUARTERS

SCANBIO MARINE GROUP HEADQUARTERS Brattørkaia 17b 7010 Trondheim Trondheim

SCANBIO - BIOKRAFT MARINE (CATEGORY 2)

SCANBIO – BIOKRAFT MARINE (CATEGORY 2) LYSOYSUND , NORWAY

Contact us!

Scanbio Marine Group AS
Brattørkaia 17b 4 etg
7010 Trondheim

Scanbio Ingredients AS
7160 Bjugn

Scanbio Biokraft Marin AS
7168 Lysøysundet

Scanbio Biokraft Marin AS
Selva Industriområde
7318 AGDENES