Saving Seafood

Cooke buys another Latin American shrimp farmer

March 18, 2019 — Canada-based diversified seafood group Cooke has bought another Latin American shrimp farmer, having closed a deal for Seajoy Group earlier in the year.

On Saturday, Cooke confirmed to Undercurrent News the acquisition of Farallon Aquaculture de Nicaragua, a vertically integrated farmer and a supplier of branded fresh-frozen shrimp to major markets in Asia, Europe, and the US.                                                                                                                                                                                                                                                                                                                                         Farallon Nicaragua is headquartered in Leon, Nicaragua, employs 384 people, and operates a hatchery, three farms and an onsite processing plant from four locations.                                                                                                                                                                                                                                                           Read the full story at Undercurrent News

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