Saving Seafood

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

A new model for right whale estimates

New system confirms population decline as another death is reported in Canada.

September 21, 2017 — NEW BRUNSWICK, Canada — Another North Atlantic right whale death in Canadian waters has brought further attention to the threat of fishing gear to the endangered marine mammals.

“It’s considered a severe entanglement,” New England Aquarium spokesman Tony LaCasse said of the dead female, believed to be around 3 years old. Fishing rope and gear, including a snow crab pot, entangled the pale, deeply cut carcass, estimated to be 36 feet long.

The right whales, which frequent Cape Cod waters in late winter and early spring, are among the rarest whales in the world, with 524 estimated in 2015 in a report by the North Atlantic Right Whale Consortium. The death brought the total fatalities this year to 14, representing about 3 percent of the population.

The carcass was spotted by airplane surveyors Friday off Miscou Island, New Brunswick. The dead whale was towed to the island Monday, and a necropsy was performed Tuesday.

“The key thing is that the animal was entangled,” said Tonya Wimmer of the Marine Animal Response Society in Halifax, Nova Scotia.

Read the full story at the Cape Cod Times

Endangered right whales seeing catastrophic die-off in New England, Canadian waters

The deaths of dozens of whales may be the result of a migration to less-protected areas because of lack of food in the Gulf of Maine.

August 15, 2017 — The North Atlantic right whale, the world’s second most endangered marine mammal, is having a catastrophic year in the waters off New England and Atlantic Canada, and scientists from Maine to Newfoundland are scrambling to figure out why.

At least a dozen right whales have been found dead this summer in the worst die-off researchers have recorded, a disastrous development for a species with a worldwide population of about 500.

“Just imagine you put 500 dollars in the bank, and every time you put five in, the bank takes 15 out,” says Moira Brown, a right whale researcher with the New England Aquarium who is based in Campobello Island, New Brunswick. “This is a species that has not been doing well, even before we had all the dead whales this summer.”

Canadian authorities have documented 12 dead whales in the Gulf of St. Lawrence since June 7, though it’s possible that two carcasses that weren’t recovered after their initial sighting were counted twice. Two more of the rare, slow-moving whales were found dead off Nantucket and Martha’s Vineyard, bringing this summer’s mortality to between 12 and 14 whales, more than 3 percent of their total population.

Humans appear to have been the immediate cause of at least some of the deaths. Necropsy results have been issued for just four of the whales found off Canada, showing one had become entangled in snow crab fishing gear and three were apparently struck by ships.

The whales deaths have prompted Canadian officials to impose emergency restrictionson shipping and snow crab fishermen in parts of the Gulf of St. Lawrence – the vast body of water bounded by New Brunswick, Nova Scotia, Newfoundland, Labrador and eastern Quebec – and an urgent effort by researchers to figure out what happened.

Read the full story at the Portland Press Herald

Warming Waters, Looming Crisis

It’s no fluke: Fish populations are on the move, chasing cooler marine temperatures. At Rutgers, scientists track their alarming migrations.

August 11, 2017 — In Malin Pinsky’s lab, they keep the unicorn blood in the fridge. It sits alongside dozens of small, white boxes, each containing a snippet of fin or other tissue from the clownfish and summer flounder that, together, may help Pinsky and his colleagues determine the answer to a critical question about the world’s changing oceans. In fact, the unicorn blood—so dubbed by lab manager Michelle Stuart because, Pinsky explains, “it’s expensive and it works magic”—is actually a stew of enzymes used to purify DNA from those fish samples.

The DNA helps Pinsky and his team at Rutgers University in New Brunswick track the movement of fish species over time. What they are finding is likely to have major implications for the commercial and recreational fishing industries in New Jersey and around the world.

For decades, scientists have observed a northward shift in the ranges of many land-based animals in response to a warming climate, among them birds and butterflies. In addition, some mountain-dwelling species, like the pika, a cousin of the rabbit native to the Western United States, have moved to higher altitudes, chasing the cooler temperatures to which they have adapted over millions of years of evolution. Among these observations are scattered reports of the same thing happening in warming ocean waters.

As a marine biologist, Pinsky had read the reports. Concerned about how widespread the changes might be, he and his colleagues ran the first stage of an ongoing research project from 2011 to 2013. The results were startling. “Not only are many species of marine animals, from cod to flounder to lobster, moving to new locations,” says Pinsky, “but it’s happening very rapidly, and it’s affecting a wide range of fisheries, both commercial and recreational.”

Analyzing data collected annually by the National Marine Fisheries Service and its partners, Pinsky’s lab launched the website OceanAdapt, which charts the changing ranges of a wide variety of marine species, regionally and nationally. The site’s graphs depict changes in latitude and sea depth. On a species-by-species basis, those changes are not particularly striking; it’s long been known that fish move around a lot from year to year. But when considering the marine life community as a whole, one observes an indisputable trend northward and downward (to greater depths).

Read the full story at New Jersey Monthly

U.S. putting whale rescue efforts on hold after Canadian fisherman is killed

July 17, 2017 — The U.S. is suspending whale rescue efforts after a Canadian fisherman died last week during one such mission.

Joe Howlett, founder of the Campobello Whale Rescue Team, was killed Monday while helping to free a North Atlantic right whale off the coast of New Brunswick. Mackie Green, captain of the rescue group, told the Canadian Press the team had actually succeeded in freeing the animal when “some kind of freak thing happened and the whale made a big flip,” striking Howlett.

The National Oceanic and Atmospheric Administration (NOAA) is now “suspending all large whale entanglement response activities nationally until further notice, in order to review our own emergency response protocols in light of this event,” Chris Oliver, assistant administrator for NOAA Fisheries, said in a statement.

Read the full story at USA Today