Badinotti Group SPA is pleased to announce the creation of a Joint Venture in Morocco with Selstad Group, further strengthening their position as global leaders in aquaculture and fishing containment solutions. This partnership involves Selstad’s participation in the newly formed Maisma Net Services, based in Larache, Morocco, and will offer one of the largest production capacities for aquaculture and fishing nets globally.
Selstad Group supplies nets and services to the ocean industries in Northern and Western Europe, South Africa, and the Asia Pacific, while Badinotti provides comprehensive fish containment solutions across Southern and Central Europe, North America, South America, and Northern Africa.
A Strategic Alliance for Innovation and Quality
Christian Torres, CEO of Badinotti Group, highlighted how this partnership aligns with the company’s global strategy:
“Badinotti’s strategy is based on four key pillars, one of which is to build solid expertise and a global vision while maintaining a strong local presence, either directly or through top-tier partners. This objective is fully achieved with Selstad, with whom we share a history and common values, driving aquaculture and fishing globally. We bring 114 years of experience in fish containment solutions across Chile, Canada, Peru, the United States, and Europe, and we are confident that the exchange of our expertise will be crucial for the success of this new partnership.”
Giancarlo Badinotti, President of Badinotti, emphasized the importance of this collaboration: “We are very pleased with our partnership with Selstad. We believe there is a natural complementarity between our markets, products, and capabilities. Moreover, we share values as family businesses, which gives us a long-term vision for our operations. We believe that shared values and common goals are the key to success in these types of agreements, and with the Selstad team, it has been a perfect match.”
Hans Petter Selstad, CEO of Selstad Group, sees great potential in this JV: “As two family-owned companies sharing the same values, we have found a natural synergy in our production sites and global services, complementing each other’s expertise. The location in Morocco, close to Europe, allows us to reduce delivery times and ensure high standards of quality. Both companies have been in the industry for many years, constantly striving to be top innovators. By working together, we can combine generations of experience and in-depth product knowledge.”
Global Expansion with Local Roots
Founded in Italy 114 years ago, Badinotti Group employs over 1,100 people and has global sales exceeding 70 million euros. With this agreement, the company continues its expansion into key markets. This new plant in Morocco adds to its 11 existing production facilities across Chile, Peru, the United States, Canada, Croatia, Italy, Slovakia, and now Morocco. Selstad Group, founded in Norway in 1953, currently employs 500 people across 18 production facilities in Norway, Iceland, Scotland, the Faroe Islands, the United States, and South Korea, with sales nearing 120 million euros.
For more information, please refer to our attached Press Release.
