December 2010 - Faroe Seafoods company filed for bankruptcy at the weekend after talks with a group of buyers planning to take over the business broke down. A number of potential suitors have been mentioned including the Icelandic trawling and fish processing company Samherji. Only ten days ago the Faroe chiefs were expressing confidence that a deal could be done.
The parents company has had a long and chequered history and, at one time ran a processing operation in Grimsby, but that was taken over some years ago by Icelandic Freezing Plants (now Coldwater).
Established more than 60-years ago, Faroe Seafood with it's 'state of art' fishing vessels, harvesting and production expertise proclaimed on its website that it supplied quality fresh and frozen salmon from the Faroe Islands along with other fish species. It has also
February 2011 - UP to 15 bids are reported to have been made for the fishing and processing assets of Faroe Seafood, which filed for bankruptcy in December, according to Faroese radio.