Saving Seafood

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