In 2004 the board of SIF plc. in Iceland resolved to separate the exports of Icelandic marine products from other activities of SIF plc. This led to the foundation of Iceland Seafood International at the end of 2004 and in 2005 all shares in Iceland Seafood International were sold to Ker Holding and other investors in the field of seafood.
Iceland Seafood International is the legitimate descendant of three associations and it has inherited an important part of their business connections, both on the producing and the marketing side. These three associations are the Union of Icelandic Fish Producers (SIF), Iceland Seafood (former Seafood Division of Samband of Iceland) and the Herring Board.
Milestones
· Years to come In years to come ISI will operate in accordance with it's Mission Statement
· 2005 SIF plc sells all of its shares in Iceland Seafood International to investors in the field of seafood
· 2004 Iceland Seafood International is founded by SIF and takes over sales and export of marine products.
· 1999 Merger of Iceland Seafood and SIF. The merged company operates under the name of SIF plc.
· 1990 Seafood Division of Samband converted into a PLC, under the name Iceland Seafood.
· 1957 Export Division of Samband divided into Seafood Division and Agricultural Products Division.
· Before 1957 Seafood exports (mainly of frozen fish) handled by the Export Division of Samand (a national cooperative).
· 1935 Foundation of the Herring Board, a government-backed organisation, specialising in export of salted herring.
· 1932 Foundation of SIF, a nation-wide producer’s association, specialising in salted fish products.