Saving Seafood

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

Scientists and fishermen team up to help save North Atlantic right whale

August 23, 2018 — Whale researchers and fishermen are out at sea together on a two-week mission, combining efforts to help save the endangered north Atlantic right whale.

These two worlds have usually stayed far apart, but for the first time scientists are onboard a crab boat to do their field work.

It’s been a controversial fishing season in northern New Brunswick.

Whale protection efforts caused many fishing areas in the Gulf of St. Lawrence to be closed off, angering fishermen who saw it as an attack on their livelihood — some even taking to protest.

Crab fisherman Martin Noel, captain of the Jean-Denis Martin boat in Shippagan, agreed to take scientists out in the gulf to help them carry out their research this year.

“We don’t want to be called whale killers,” Noel said. “We want to be called fishermen that are implicated in the solution.”

All season, fishermen begged Ottawa to involve them in fisheries management. They felt the federal government was imposing overly strict measures without consultation with industry.

Read the full story at CBC News

 

Border Patrol Stops Canadian Fishermen in Disputed Waters Off Maine

July 9, 2018 — As tensions rise between the United States and Canada, there’s a new clash in the cool waters off the northeast tip of Maine, which are rich with lobster, scallops and cod.

For more than a decade, American and Canadian fishermen largely have had a friendly but competitive relationship in an oval-shaped region of the Bay of Fundy known as the gray zone. But this summer that camaraderie has been threatened, Canadian fishermen claim, as officers with the United States Border Patrol have started to wade into the area, pull up aside their vessels and ask about their citizenship.

“We don’t want this to be a great international incident, but it’s kind of curious,” said Laurence Cook, the chairman of the lobster committee at the Grand Manan Fishermen’s Association in New Brunswick. “They say it’s routine patrolling, but it is the first routine patrolling in 25 years.”

At least 10 Canadian fishing boats have been stopped by American immigration authorities within the past two weeks, Mr. Cook said, the latest escalation in a more than 300-year disagreement in the disputed waters off Machias Seal Island. Both countries claim the island, which is about 10 miles off Maine and home to two full-time residents (both Canadian), puffins, rocks and not much else, and say they have the right to patrol its boundaries.

Read the full story at the New York Times

Frustration mounts in Gulf of St. Lawrence lobster fishery over right whale closures:union

June 12, 2018 — A group representing Gulf of St. Lawrence lobster fishermen says frustration is mounting after the federal government rejected its proposal for a shallow-water exemption to fishery closures aimed at protecting endangered North Atlantic right whales.

The Department of Fisheries and Oceans (DFO) says it considered the proposal by the Maritime Fishermen’s Union and the Pecheurs professionnels du Sud de la Gaspesie, but will not exempt waters of up to 10 fathoms — or 18 metres — in depth.

“We felt staying in that depth of water, which is where most of our fishermen are now at this time of year anyways, was a really good compromise,” said Carl Allen, president of the Maritime Fishermen’s Union.

Last week, DFO issued temporary closures to six more grid areas due to the presence of right whales. The move came after six areas were closed to several fisheries as of May 22.

A static closure zone is in place along New Brunswick’s northern coast until June 30, while DFO has been enforcing what are called dynamic management closures that shut down fishing activities for 15 days once a right whale sighting is confirmed.

In an interview Monday, Allen said fishermen are having a hard time understanding DFO’s logic after they were willing to comply with any number of measures, including the use of tracking technology and observers.

Read the full story at CTV News

Cooke Aquaculture named to Canada’s Best Managed Companies list

April 11, 2018 — Cooke Aquaculture has secured a spot as a 2018 platinum-winning enterprise on Canada’s Best Managed Companies list, the New Brunswick, Canada-based firm announced on 10 April.

To qualify for the Best Managed Companies program, businesses must be based in Canada and generate a revenue of CAD 15 million (USD 11.8 million, EUR 9.6 million). Further, to achieve platinum status, a company must have been named to the prestigious list for seven or more years.

Each enterprise applicant is evaluated by a panel of judges in four areas for the program: strategy, as in the company’s vision and how that vision is communicated and managed; capability, with regards to whether the company has the ability – the people, processes, and systems – to execute; commitment, meaning does the applicant engage and align its culture effectively and appropriately; and financials, the numbers that prove the first three are driving results.

The program aims to reward well-run companies in Canada, including Cooke, which offer the country a healthy economic future, according to Lorrie King, who is a co-leader of the Best Managed Companies program.

Read the full story at Seafood Source

 

Cooke Aquaculture acquires Houston fishing company in $650M deal

December 20, 2017 — New Brunswick seafood giant Cooke Aquaculture got even bigger on Tuesday, with its acquisition of a Houston, Texas company and its workforce of 1,000 people.

Cooke Aquaculture acquired Omega Protein Corp. in a $500 million USD deal — approximately $650 million (Canadian) — in one of the single largest foreign investment deals a New Brunswick company has ever done in the United States.

“It’s the single largest acquisition [our] company has ever made,” said Joel Richardson, vice-president of communications for Cooke.

“When a New Brunswick company reaches beyond our borders and acquires a company outside our province, it helps strengthen jobs back here and at home.”

Omega Protein, founded in the early 1900s, is a fishing company that sources omega oils and specialty protein products for both nutritional supplements and animal feeds.

They operate over 30 boats off the Atlantic and Gulf coasts, near Mississippi, Louisiana and Virginia, and catch a forage fish called menhaden, which is rich in omega fatty acids.

Read the full story at CBC News

 

Omega Protein sets date to decide on Cooke deal

November 27, 2017 — Cooke Aquaculture will know as soon as Dec. 19, a week before Christmas, whether it’s getting what it hoped to find under the tree: a large Houston, Texas-based company that catches menhaden and reduces it to fishmeal and fish oil.

That’s the date Omega Protein has set for a shareholder vote on its proposed acquisition by the Cooke’s New Brunswick, Canada-based parent company, according to a new Securities and Exchange Commission filing.

Read the full story at Undercurrent News

 

No salmon return to Canada river, bringing New England fears

October 30, 2017 — A conservation group’s discovery that no wild Atlantic salmon have returned to a key river in New Brunswick is prompting concern for the fish’s population health in the U.S. and eastern Canada.

The New Brunswick-based Atlantic Salmon Federation has been monitoring the Magaguadavic River for the Canadian government since 1992. The group says this year is the first time since then that no wild salmon have returned to the river to spawn.

Atlantic salmon were once abundant in rivers of New England and eastern Canada, but they’re now endangered or have disappeared in parts of both areas. The U.S.’s National Marine Fisheries Service is in the midst of reviewing the Gulf of Maine’s population, which is listed endangered under the Endangered Species Act.

About 900 wild salmon entered the river to spawn in 1983, and the fact that none returned this year is bad news for the fish’s population in Maine and Canada, said Neville Crabbe, spokesman for the Atlantic Salmon Federation.

“It means for the Magaguadavic River, whatever wild salmon that existed there are now extinct,” Crabbe said. “It affects the good work being done on all the rivers.”

Read the full story from the Associated Press at ABC News

NOAA Fisheries Announces Increase in Atlantic Herring Quota for Area 1A for Period of October 24 – December 31, 2017

October 20, 2017 — The following was released by NOAA Fisheries:

The Atlantic Herring Management Area 1A sub-annual catch limit is being increased from 31,115 mt to 32,115 mt  for the period of October 24-December 31, 2017. This is due to an underharvest of the New Brunswick weir fishery.

As stated in the Atlantic Herring Fishery Management Plan, if the New Brunswick, Canada weir fishery herring catch through October 1 is less than 4,000 mt, then 1,000 mt will be subtracted from the management uncertainty buffer and allocated to the annual catch limit (ACL) and Area 1A sub-ACL.

Based on the best available information, the New Brunswick weir fishery landed 1,724 mt through October 1, 2017.

On October 24, NOAA Fisheries will allocate 1,000 mt of herring to the Area 1A sub-ACL, increasing the fishing year 2017 (Jan 1-Dec 31, 2017) Area 1A sub-ACL from 31,115 mt to 32,115 mt, and increasing the stockwide ACL from 101,656 mt to 102,656 mt.

Check the current status of the Atlantic herring catch.

For more details, read the notice as filed in the Federal Register, and the permit holder bulletin on our website.

Questions? Contact Daniel Luers, Fishery Management Specialist, 978-282-8457, Fax 978-281-9135.

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