HB Grandi hf is an Iceland-based company active within the fishing industry. The Company operates in three business segments: Demersal fishing, Pelagic fishing and other Operations. The Company operates freezing plants in Vopnafjordur and Akranes, which specialize in capelin, capelin roe, herring fillets and flaps and H/G mackerel. The Company, through its factories in Vopnafjordur and Akranes, produces fishmeal and fish oil. In addition, the Company produces, through its processing plants in Reykjavik and Akranes, individually quick frozen (IQF) fillets and portions of redfish, cod and saithe. The Company’s freezer trawlers catch and process redfish, saithe, cod, haddock, and Greenland halibut. Its wetfish trawlers catch redfish, cod and saithe, which are delivered to the processing plants in Akranes and Reykjavik. The Company also produces fresh, chilled fillets. The Company operates a research laboratory, where the raw material and products are tested.