Aquafil acquires a stake in Nofir and strengthens its end-of-life PA procurement

Coverage of procurement and efficiency gains in the nylon waste recovery industry: these are the motivations behind the acquisition of a significant shareholding (around 32%) in the Norwegian Nofir by Aquafil.

Nofir, based in Bodø, Norway, is a leading European player in the collection and processing of fishing and aquaculture nets at the end of their life cycles. Since 2011, Nofir has collected over 48,000 tons of nets in 20 countries on five continents using an advanced system for collecting and tracing discarded nets from the fishing and aquaculture industry.

The company collaborates actively with Healthy Seas, a foundation created by Aquafil and other partners whose main mission is raising awareness among consumers of the problem of fishing nets lost or abandoned in our oceans.

“After the acquisition of Planet Recycling (Aquafil Carpet Collection) in December 2020 - now proving to be an important asset in increasing the circularity of our processes - the investment in Nofir further strengthens our approach for control over the procurement chain”, Giulio Bonazzi, Aquafil Group’s Chairman and Chief Executive Officer, stated.

“Aquafil has been a great partner of Nofir for more than ten years. To get them on board as owners is a vitamin injection to continue the efforts to be one of the leading players in the recycling of gear from the fishing and aquaculture industry in Norway and in the world” Nofir CEO Øistein Aleksandersen added.