March 20, 2026 — Canada-based seafood giant Cooke is set to take operational control of Greece-based seafood firm Avramar Greece after signing a memorandum of understanding to take on the company’s debts.
Avramar Greece was first separated from Spain-based Avramar Seafood due to financial issues with the Greek business, which began pursuing a sale in 2023. Multiple bidders emerged to purchase the company, which has become a major player in Mediterranean aquaculture producing sea bass and sea bream. According to Cooke, Avramar Greece “is a vertically integrated operation, which includes hatcheries, marine farm sites, processing and packaging facilities, and feed production operations.”