Shareholder movement shifts foundation ownership of the corporation to nearly 50%.
This spring the news regarding The GC Rieber Foundation’s new corporate Philanthropic endeavor was announced. The GC Rieber Foundations have increased its ownership in the GC Rieber Group to nearly 50 percent, which means that almost 50% of its annual earnings goes back to society through social, cultural and scientific contributions.
“Our vision today, as it has been for over 140 years, is driven by the desire for economic, human, and social development. The GC Rieber Foundations support people of all ages who require additional attention,” said Paul Chr. Rieber who is fourth generation and CEO of GC Rieber AS. “From 2022 on, it is fair to say that nearly every second dollar earned by GC Rieber will be distributed to the social projects supported by GC Rieber Foundations.”
Started in 1929 by the Rieber family, The GC Rieber Foundations manage philanthropic and charitable contributions to benevolent and social initiatives across a wide array of cultural and scientific projects, including social welfare, arts, research programs, and outdoor life. The added funding to these programs will allow GC Rieber to increase its impact and assist more people within its community.
The program currently supports the following initiatives:
The Children’s Physiotherapy Center: This renowned center specializes in child and adolescent physiotherapy, manual therapy, psychomotor physiotherapy, and clinical neurological physiotherapy. The positive results from the treatment provided at the center are now published in the European Journal of Physiotherapy. In 2018, The GC Rieber Foundations has granted approximately kr. 1 million (over USD 99K) in treatments.
The Art of Getting Well – This center is where children draw and paint, which helps lessen the stress and fear of being in the hospital.
Healthier with Fish Oil – GC Rieber VivoMega is cooperating with Haukeland University Hospital on a research project to establish whether high doses of Omega-3 can reduce the level of inflammation in the body.
Helgeseter: Established by the Rieber family in 1954, was one of the first programs to serve as a home and school that provided a developmental environment for children with special needs who, at the time, did not have a good offer from the public sector. Today, Helgeseter is seen as a community and institution that offers a therapeutic social space for children and adults.
Helgetun: Helgetun is an entirely unique housing project for seniors who are social and active. The goal is for the residents to stay mentally and physically healthier, have lower medication use, and remain at home longer than average. Helgetun is the largest investment project of the GC Rieber Foundations.
“The vision and values of GC Rieber have always been about creating joint futures,” said Chris Hachey, US Business Development Manager of GC Rieber VivoMega. “Social responsibility and sustainable development are cornerstones of our business, and we are thrilled to be able to announce this new development within the GC Rieber family and be able to make a larger social impact.”
To learn more about The GC Rieber Foundations, visit https://www.gcrieber-fondene.no/english-summary/
About GC Rieber
GC Rieber is a privately owned company exercising proactive and long-term ownership of a number of enterprises in the areas of industry. The vision is Creating Joint Futures with the aim to achieve this both commercially and for the greater good. The GC Rieber Group has a global perspective on the operations. GC Rieber operates primarily in the B2B market and has an annual turnover of around EUR 200 m and total assets of around EUR 1.000m. To learn more, visit gcrieber.com
About GC Rieber VivoMega
GC Rieber VivoMega is a Norwegian producer of marine-derived high-quality Omega-3 concentrates in an environmentally sustainable way. GC Rieber VivoMega aims to deliver the best quality omega-3 oil concentrates to customers globally. GC Rieber VivoMega utilizes state-of-the-art production equipment to produce some of the most potent, stable, and pure Omega-3 concentrates in the supplements market. The company has expanded its facility several times over the last years, including the addition of a new industry-leading concentration production facility, delivering high-grade DHA and EPA fish oils (up to 800mg/g). As well as being a leader in Omega-3 production, GC Rieber VivoMega is also setting the benchmark for quality standards globally.