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.