Saving Seafood

Cooke Inc. Acquires All Seas Wholesale, Inc.

March 19, 2019 — The following was released by Cooke Inc:

Cooke Inc. (“Cooke”), a New Brunswick company and parent of Cooke Aquaculture Inc., has acquired All Seas Wholesale, Inc. of California, a distributor of up to forty species of fresh seafood, live shellfish, and frozen seafood products. The transaction was completed in mid-February of this year.

For 33 years, All Seas Wholesale, Inc. has been proudly servicing the San Francisco Bay area’s hotels, country clubs, airline & event caterers, upscale retail markets, and restaurants as a same day purveyor of the finest quality seafoods.

“Purchasing All Seas allows us to continue to strengthen our vertical integration and distribute our True North Seafood products to additional markets,” said Glenn Cooke, CEO of Cooke Inc. “All Seas prides itself on being able to receive an order early in the morning and have it delivered fresh to the customer to serve on their lunch menu that same day, and that fits very well with our drive for high standards in both top quality products and customer satisfaction.”

“We are thrilled to have joined the Cooke family of companies,” said Peggy Howse, General Manager, All Seas Wholesale. “Cooke is respected globally for delivering delicious, sustainable seafood products and now All Seas Wholesale will be taken to the next level serving customers.”

“95% of All Seas Wholesale employees have been with the company for over 10 years,” added Howse. “Our devoted professionals have united with the top seafood team dedicated to offering freshest seafood imaginable.”

The terms of the transaction have not been disclosed as both companies are private family-owned businesses.

Cooke Inc. is showcasing it’s fresh, sustainable True North Seafood Company branded products this week in Boston, MA, at Seafood Expo North America, in booths 1133 & 1233.

Read the full release here

A labor of love: How Martha Stewart and True North created their new seafood product line

March 19, 2019 — It was like the first day of school when Martha Stewart’s culinary director, Thomas Joseph, arrived at the 2019 Seafood Expo North America event in Boston, Massachusetts on its opening day.

Joseph, who is a 2017 James Beard Award winner, pulled up to the continent’s largest seafood trade event with the four initial offerings under the Martha Stewart brand’s latest seafood product line in tow, ready for their debut. The products were created in partnership with Cooke Inc.’s True North Seafood.

“We’re super-excited,” Joseph told SeafoodSource on Sunday, 17 March, as SENA19 roared to life. “Today was like the first day of school coming here, like I’m dropping my kids off.”

If you ask Joseph and Cooke Vice President of Public Relations Joel Richardson, the kids will be more than all right. Each a “labor of love,” the product line’s first outing includes Atlantic Salmon with Lemon Herb Butter; Sockeye Salmon with Miso Butter; Wild Alaska Pollock with Southwest Spice Blend; and a Seafood Medley (Wild Alaska Pollock, Atlantic Salmon, and Bay Scallops) with Herb Spice Blend. The line is expected to hit grocery store shelves in the United States in May 2019.

Read the full story at Seafood Source

Cooke another step closer to getting MSC label for Atlantic menhaden

March 6, 2019 — The independent certification body SAI Global on Wednesday officially recommended that the Marine Stewardship Council grant certification to the Atlantic menhaden fishery, the US’ second-largest source of the fish.

The announcement was the expected conclusion following the release of a report by SAI in early December, though a number of environmental advocacy groups had expressed concerns about the harvesting of the important forage fish and were expected to publish critical comment letters.

“We’re very pleased with today’s recommendation, which takes us right up to the finish line of the MSC certification process,” said Bret Scholtes, president and CEO of Omega Protein, the Houston, Texas-based company that initiated the MSC-related review in June 2017.

“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 Atlantic menhaden fishery scored well in all three categories (82.5, 86.0 and 92.2), well above the minimum 60, the company noted in a press release. The assessment report compliments the fishery for having a comprehensive fishery management plan and menhaden-specific conservation and management measures in place.

Read the full story at Undercurrent News

Read the full report from SAI Global here

Cooke Inc. branches into shrimp production with Seajoy acquisition

February 4, 2019 — Cooke Inc. announced on 1 February it has finalized its acquisition of Seajoy Seafood Corporation, one of Latin America’s largest producers of farmed shrimp, with operations in Honduras and Nicaragua.

SeafoodSource previously reported on the acquisition, which was completed in November 2018, but the formal announcement came after the companies finalized the details of the transaction.

“The acquisition of Seajoy is an important element in our focus on product diversification to meet our customers’ needs,” Cooke CEO Glenn Cooke said in a press release. “Seajoy is a world-leading shrimp producer utilizing the highest quality and food safety standards and newest available technology. This aligns perfectly with our existing aquaculture and wild seafood fishery divisions. We feel Seajoy’s entrepreneurial drive, industry knowledge and care for their communities has made them successful and a big reason why we feel this is an incredible cultural fit.”

The purchase gives Cooke Inc., the parent company of Black Harbour, New Brunswick, Canada-based Cooke Aquaculture, an avenue to expand its product repertoire to include shrimp. Seajoy is one of the largest vertically integrated, premium shrimp farms in Latin America, with a focus on producing value-added and organic Pacific white shrimp (Litopenaeus vannamei) and selling to customers in Europe, the Americas, and Asia.

Read the full story at Seafood Source

Cooke confirms deal for shrimp farmer Seajoy is close to completion

December 3, 2018 — Glenn Cooke confirmed the Canada-based, global seafood group that carries his family name is close to a deal for a shrimp farmer in Latin America, which Undercurrent News has previously reported is Honduras’ Seajoy Group.

Speaking at a roundtable in Saint Andrews, New Brunswick, he said Cooke is in the final stages of acquiring “one of the largest” Latin American shrimp farming companies, the Telegraph-Journal reported.

“We are in the process of getting everything approved, but we have basically bought one of the world’s largest shrimp operations,” he said at the event, which was attended by the heads of other divisions from around the world and Karen Ludwig, a member of the Canadian Parliament representing the New Brunswick Southwest district.

Read the full story at Undercurrent News

NOAA is pro-aquaculture, but won’t weigh in on salmon farm ban

March 13, 2018 — BOSTON — Don’t look for the US National Oceanic and Atmospheric Administration (NOAA) to challenge the recent decision by Washington state to end salmon farming off its coast. The federal government’s hands are tied, said a senior NOAA official at the Seafood Expo North America, in Boston, Massachusetts, on Sunday afternoon.

“We do have separation of powers in the United States between the federal government and the state government,” said Michael Rubino, NOAA’s director of aquaculture, when asked. “And this was largely a state government matter.”

Washington state governor Jay Inslee is expected to soon sign House Bill 2957, a bill passed by the state’s Senate, 31-16, on March 2 that would allow the leases for offshore aquaculture facilities there to expire by 2025. The state’s House voted roughly two weeks earlier to support the bill.

Washington state’s dramatic action followed the much-publicized escape, in August, of more than 250,000 Atlantic salmon from a Cooke Aquaculture facility near Cypress Island.

When asked if NOAA might weigh in, Rubino simply responded that NOAA doesn’t have a say in the matter.

Read the full story at Undercurrent News

 

Cooke Aquaculture continuing to fight Washington ban even as it ponders next steps

March 9, 2018 — In an interview with SeafoodSource, Cooke Vice President of Communications Joel Richardson discussed his company’s efforts to convince Washington Governor Jay Inslee of the merits of the industry as the governor considers signing a bill that would phase out non-native finfish aquaculture in his state. Richardson also discussed the formulation of his company’s back-up plan in case it was unsuccessful in convincing the governor to veto the bill.

SeafoodSource: Is Cooke making any efforts to reach out to Gov. Inslee as he considers signing the bill?

Richardson: Yes, we will continue to reach out to Gov. Inslee over the coming days to urge him to veto HB 2957. Over the last few months we have provided Gov. Inslee and all legislators in Washington with evidence-based science from well-respected, credible fishery scientists to inform and educate on sea farming practices.  We are also aware that the Washington Fish Growers Association is now urging Governor Jay Inslee to veto the bill this week calling on a ban on Atlantic salmon aquaculture in state waters “Ill-conceived and politically motivated rather than based on the best available science.”

SeafoodSource: In what ways was science not taken into proper account by legislators as they considered the bill?

Richardson: You will have to ask the governor and legislators to answer that question.  However, in the aquaculture industry’s view, it’s appalling that that lawmakers have ignored calls to drop the ban from some of the world’s top aquaculture and fisheries scientists, including from the state Department of Fisheries and Wildlife, who refuted false and misleading claims made by anti-sea farming groups, tribes, and politicians that Atlantic salmon, when and if they escape, could interbreed with Pacific stocks or colonize rivers. Nothing could be further from the truth. The fact is that the science from decades of peer-reviewed research does not support the conspiracy theory that Atlantic salmon that escape from net pens will colonize our rivers and/or interbreed with native stocks.

Read the full interview at Seafood Source

 

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