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Värmland Lax & Co

Smoked Salmon

·

4.6(128)

·

8/27/2026

Executive summary

A Värmland smokehouse running cold-smoked and gravlax lines out of Hammarö, supplying Nordic retail and food service since 1998. Thirty-nine requirements were read against the brief: capability, finance and legal clear in full, and quality clears on every requirement but one. Two cold-smoke tunnels give 40 tonnes a week against the 12 asked for, and the second tunnel commissioned in 2023 is what carries the Q4 peak. BRCGS Food Safety at grade AA, MSC and ASC chain of custody were each confirmed against the issuing registry rather than read off the supplier site. Financially they are the strongest name on the shortlist: a 46% equity ratio, a 6.4% net margin and four consecutive years of growth, on a Creditsafe A up from B with no payment remarks in thirty-six months. Two delivery requirements covering Benelux transit and overflow capacity sit with a reviewer, and the two sustainability requirements nothing could evidence have gone to the supplier as an RFI.

Element

Failed

Unknown

Partly

Cleared

Capability

8 cleared

Quality

1 partly6 cleared

Reviewed by

Joe Karlsson

Delivery

In review
2 unknown4 cleared

Finance

7 cleared

Legal

5 cleared

Sustainability

2 awaiting reply4 cleared

Company Insight

Powered by

Creditsafe

Credit

Strong · A

Summary

Financial

Good · 6.4% margin

Summary

Structure & compliance

Strong · no judgements

Summary
Registered name
Värmland Lax & Co AB
Activity
Processing and preserving of fish, crustaceans and molluscs
Founded
1998
Legal form
Aktiebolag
VAT number
SE556214887301
LEI
549300KQ4T8N2FVY1X07
Registered office
Hammarö, Värmlands län
Auditor
Grant Thornton Sweden AB
Part of

Nordlax Holding AB

Signals

Turnover has grown for four consecutive years.

Equity ratio is well above the industry median.

No payment remarks registered in the last 36 months.

Working capital tightened slightly against FY2023.

Board has been unchanged since 2021.

Filed annual accounts on time in every year on record.

ESG & Sustainability

Environment

Partly verified

ISO 14001 certified since 2016 and verified against the issuing registry, with Scope 1 and 2 emissions reported and third-party assured for FY2024 at a 31% reduction against a 2019 baseline. Heat recovery from the smoke tunnels covers a reported 40% of site heating, and the 2023 refit moved both tunnels onto electric generation. Scope 3 is not reported, so emissions from inbound feed and from distribution sit outside everything above and have been asked for in the RFI.

Social

Verified

Collective agreement in place through Livsmedelsföretagen covering all 68 employees, with no labour disputes on record and a whistleblowing channel published under the EU directive. Headcount has grown every year since 2021 with no reported redundancies, and the accounts show a training spend line consistent with the food-safety certification they hold. No third-party social audit such as SMETA or SA8000 was identified, which is normal at this size in the Nordic market.

Governance

Verified

Five-member board with an independent chair, unchanged since 2021, audited by Grant Thornton Sweden AB with annual accounts filed on time in every year on record. Ownership is disclosed in full to Bolagsverket: Nordlax Holding AB at 74%, Sundqvist Invest AB at 18.5% and the managing director personally at 7.5%. Statutory tax registrations are all current and no adverse records were found against any of the five representatives.

Strengths

BRCGS Food Safety at grade AA, plus MSC and ASC chain of custody covering both the wild and farmed lines. All three were verified in the issuing registries rather than read off the supplier site, and none expires inside the contract window.

Risks

Delivery

The requirement asks for a confirmed 48-hour chilled lead time door to door. Nothing published states a transit time to Benelux and the shipping partner is not named, so the analysis could not confirm it either way. With a reviewer since Monday.

Matches

BRCGS Food Safety at grade AA, verified in the BRCGS directory and valid past the contract window, alongside MSC and ASC chain of custody covering the wild and farmed lines respectively. Out-of-specification handling is described on the site and in the certificate summary, but the procedure itself was not evidenced and a reviewer marked that requirement partly met rather than cleared. IFS Food is named in the brief and nothing on file shows they hold it. Six of seven requirements cleared.

BRCGS
BRCGSClaiming
MSC
MSCClaiming
ASC
ASCClaiming
IFS Food
IFS FoodNot evidenced

Cold-smoked salmon capacity

Answer by 14 March and attach certificates where asked.

Answering as Värmland Lax & Co · No account needed

Read before you answer

PDFprogram-brief.pdf
XLSXcold-chain-spec.xlsx

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Internal Notes

Quote review

Received quote:

  • €4.80/unit for 5,000 brackets (S355J2, laser cut + bending).

  • That's about 12% cheaper than Baltic Industries. Lead time 3-4 weeks, 2 weeks.

  • Payment net 30; Looks good - forwarding to procurement for approval.

Spoke with Erik Doe (Sales Manager) on the phone. Very responsive. They have capacity for our bracket order and said they can do a test batch of 500 units within 2 weeks. Pricing seems competitive - asked him to send a formal quote by Friday.

Agreements & Files

CSV

budget-steel.csv

4.0 KB

PNG

blueprint-22.png

1.7 MB

PDF

2026-march.pdf

820.0 KB

Upcoming dates

Jul 1, 2025

PDF

master_agreement.pdf

Agreement effective date, as stated in the signed master service agreement.

Sep 15, 2025

PDF

framework_quote.pdf

Deadline for the first delivery under the initial purchase order.

Jun 28, 2026

PDF

framework_quote.pdf

Quoted unit prices valid until this date.

Jul 1, 2026

PDF

master_agreement.pdf

End of the first 12-month fixed-price period, new rates take effect afterwards.

Aug 31, 2026

PDF

insurance_certificate.pdf

Liability insurance expires, renewal required.

Nov 30, 2026

PDF

quality_audit.pdf

Annual on-site quality audit scheduled.

Jan 15, 2027

PDF

master_agreement.pdf

Annual volume commitment review.

Apr 1, 2027

PDF

master_agreement.pdf

Latest date to give 90 days written notice to avoid automatic renewal of the contract.

Jun 30, 2027

PDF

master_agreement.pdf

Initial contract term expires.

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