Saving Seafood

Gulf of Mexico menhaden fishery wins Marine Stewardship Council certification

October 17, 2019 — The menhaden fishery in the Gulf of Mexico has been granted Marine Stewardship Council certification, more than two years after Omega Protein and rival producer Daybrook Fisheries first applied for the review.

The fishery was recommended in June by independent auditor SAI Global, but several conservation groups filed objections and the harvesting companies had to work through an appeals process, Omega Protein, which is owned by Canada’s Cooke, explained.

“The Marine Stewardship Council is a global icon in seafood sustainability, and fisheries that are MSC certified are recognized as some of the best managed in the world,” Bret Scholtes, Omega Protein’s CEO, is quoted as saying in a statement. “Our fisheries have long operated according to sustainable practices, and this certification is just the latest recognition of it.”

Read the full story at Undercurrent News

Omega Protein Atlantic Menhaden Fishery Achieves MSC Sustainability Certification

September 4, 2019 — SEAFOOD NEWS — Omega Protein’s Atlantic menhaden fishery was granted certification against the Marine Stewardship Council standard for sustainable fishing.

After two years of a thorough review by, SAI Global, an independent auditor, and detailed stakeholder input, the certification was achieved.  Products that are displayed with the MSC blue label allow consumers to have a peace of mind when purchasing the product as it shows the fish was sourced sustainably.

˜When we started this process in the Spring of 2017, we were confident that our Atlantic menhaden fishery could meet the high bar for MSC certification,” said Bret Scholtes, CEO of Omega Protein. Now that our fishery is officially certified, consumers around the world will know the work our fishermen do every day to ensure our products come from a sustainable, responsibly harvested resource.”

NOAA highlighted the menhaden as one of the most effective fisheries in the world due to its minimal bycatch. The fishery is the second largest in the country, sitting behind only Alaska pollock. Recent stock assessments also show that the species is not being overfished as well.

During Omega Protein’s MSC sustainability criteria testing, they performed well as they had above-average scores in every category, with the best scores coming in the environmental impact and management categories.

“Congratulations to Omega Protein on achieving certification,” said Brian Perkins, Americas Director for the Marine Stewardship Council. “The certification signifies a dedication not only to sustainable menhaden fishing and to safeguarding marine ecosystems, but supporting the hardworking fishermen, processors, and everyone else who depend on the fishery for their livelihoods.”

This story was originally published on SeafoodNews.com, a subscription site. It is reprinted with permission.

MSC Recommends Certification for Gulf of Mexico Menhaden Fishery

June 6, 2019 — SEAFOOD NEWS — The Gulf of Mexico menhaden purse seine fishery was recommened by independent certification body SAI Global for certification against the Marine Stewardship Council (MSC) fisheries standard.

The two participants that requested to be evaluated for MSC certification are Omega Protein and Daybrook Fisheries. Omega Protein was recommended for MSC certification as an Atlantic menhaden fishery back in March.

“The recommendation for MSC certification for our Gulf of Mexico operations is a testament to the hard work we’ve put in over many years to conduct responsible operations,” said Bret Scholtes, CEO of Omega Protein. “The fact that both of the nation’s menhaden fisheries have now been recommended for MSC certification should assure customers and the public alike that our products meet the highest standards of sustainability.”

Fisheries must score a minimum of 60 out of 100 in 28 performance indicators in three categories; sustainability of the stock, efforts to minimize environmental impacts and effective management, to earn certification.

In its recommendation, SAI Global highlighted the menhaden fishery for its extensive surveys, monitoring for menhaden stock and the ecosystem, strong management plan and a robust governance and policy framework.

“Sustainable fishing is important for both the environment and for the future of our business,” said Scott Herbert, Vice President of Sales and Marketing for Daybrook Fisheries. “MSC certification will help this fishery meet the demand for sustainable products, while continuing to be an economic engine here for years to come.”

A December 2018 benchmark stock assesment of the Gulf menhaden saw that the population is healthy and managed sustainably. The stock faced no overfishing as well.

This story was originally published on SeafoodNews.com, a subscription site. It is reprinted with permission.

MSC Certification Recommended for Atlantic Menhaden Fishery

March 8, 2019 — SEAFOOD NEWS — SAI Global, an independent certification body, has officially recommended that the Atlantic menhaden purse seine fishery be certified sustainable against the Marine Stewardship Council (MSC) fisheries standard.

In order to receive MSC certification, fisheries are evaluated against 28 performance indicators in three categories: suitability of the stock, minimizing environmental impacts and effective fisheries management. The Atlantic menhaden fishery cored 82.5, 86.0, and 92.2, respectively, in the three categories.

“We’re very pleased with today’s recommendation, which takes us right up to the fish line of the MSC certification process,” said Bret Scholtes, President and CEO of Omega Protein. “As we complete this process, we will continue working collaboratively with independent certifiers and our management partners to ensure a healthy and sustainable fishery.”

As part of the certification process, in addition to their commitment to menhaden’s long-term sustainability, Omega Protein has agreed to work with management partners at the National Marine Fisheries Service (NMFS) and the Atlantic States Marine Fisheries Commission (ASMFC) on the three sustainability objectives. Omega is supporting the ASMFC’s development of harvest strategy, as well as new rules that take into consideration the ecological role of Atlantic menhaden. They are also working with NMFS to improve the frequency of observer coverage, making sure bycatch and interactions with marine mammals and endangered, threatened and protected species remain at minimal levels.

This story was originally published on SeafoodNews.com, a subscription site. It is reprinted with permission.

Read the full report from SAI Global here

Atlantic menhaden purse seine fishery one step closer to MSC certification

March 6, 2019 — The Atlantic menhaden purse seine fishery has been recommended for Marine Stewardship Council sustainability certification by independent certification body SAI Global, following the completion of a review of the fishery.

The announcement is positive news for Houston, Texas-based Omega Protein, which was pursuing the certification. By the review’s standards, the fishery scored an 82.5 for sustainability of the stock, an 86 for minimizing environmental impacts, and a 92.2 for effective fisheries management – surpassing the average score of 80 required for each category.

“We’re very pleased with today’s recommendation, which takes us right up to the finish line of the MSC certification process,” Omega Protein President Bret Scholtes said. “As we complete this process, we will continue working collaboratively with independent certifiers and our management partners to ensure a healthy and sustainable fishery.”

The certification recommendation comes after a wave of heavy opposition from environmental advocates, including The Pew Charitable Trusts, which pushed for and successfully attained cuts to the quota for menhaden in the Chesapeake Bay, one of the main fishing grounds for the species. The Atlantic States Marine Fisheries Council had reduced the quota to 51,000 metric tons (MT) from 87,216 MT.

Read the full story at Seafood Source

Read the full report from SAI Global here

 

Cooke Inc. Agrees to Acquire Omega Protein Corporation for $22.00 Per Share

Omega Protein’s Stockholders to Receive $22.00 Per Share in Cash

Transaction Valued at Approximately $500 Million

Transaction Represents Key Strategic Addition for the Global Seafood Company

October 6, 2017 — SAINT JOHN, New Brunswick and HOUSTON — The following was released by Cooke Inc. and Omega Protein:

Cooke Inc. (“Cooke”), a New Brunswick company and parent of Cooke Aquaculture Inc., and Omega Protein Corporation (“Omega Protein” or the “Company”), a nutritional product company and a leading integrated provider of specialty oils and specialty protein products, today announced that they have entered into a definitive agreement (the “Merger Agreement”) under which Cooke will acquire all outstanding shares of Omega Protein for $22.00 per share in cash. The transaction price represents a premium of 32.5% to Omega Protein’s closing share price on October 5, 2017. The Merger Agreement has been unanimously approved by the Board of Directors of each of Omega Protein and Cooke.

“We are very pleased to sign this agreement with Omega Protein,” said Glenn Cooke, CEO of Cooke Inc. “Omega Protein will provide us with another platform in Cooke’s growth strategy through further diversification in the supply side of the business. We believe this will be a very good fit between our two cultures. Omega Protein has a 100-year history with an experienced and dedicated workforce, which we value, and a tradition of operating in small, coastal towns and communities that we share. Their focus on sustainable aquaculture and agriculture and the production of healthy food is also a great fit with our experience and culture.”

Cooke carries on the business of finfish aquaculture globally through its wholly-owned subsidiary Cooke Aquaculture Inc. The New Brunswick, Canada based Cooke family also has significant investments in wild fisheries globally through their ownership of Cooke Seafood USA, Inc. and Icicle Seafoods, Inc. Cooke Aquaculture Inc. is an aquaculture corporation founded in Blacks Harbour, New Brunswick, Canada with salmon farming operations in Atlantic Canada (operated by its affiliate, Kelly Cove Salmon Ltd.), the United States (Maine and Washington), Chile and Scotland, as well as seabass and seabream farming operations in Spain. In 2015, Cooke Seafood USA, Inc. was created, and grew rapidly through the acquisitions of Wanchese Fish Company, Inc. in the USA and the assets of Fripur S.A., the largest fishing company in Uruguay. The Cooke family also acquired Icicle Seafoods, Inc. in 2016. The addition of Omega Protein serves as a perfect strategic piece for the Cooke family of companies.

“We are excited about the agreement, which we believe recognizes the value of Omega Protein’s successful, 100-year-old fishing business and also provides stockholders with an immediate premium,” said Bret Scholtes, President and CEO of Omega Protein. “Cooke is a family owned company and in many ways, reminds us a lot of ourselves and this agreement is the perfect fit for the two companies. Cooke is a highly-regarded and responsible leader in the global fishing and seafood industry.”

Read the full release at PR Newswire