Salmon company acquires farms in Scotland

Canadian salmon farmer Cooke Aquaculture’s Scottish division is acquiring shares in a nearby salmon farming company, Cooke announced today.

Cooke Aquaculture Scotland has acquired shares in Thompson Bros. Salmon, located on the island of Yell, Shetland, also in Scotland. The deal allows Cooke to add two farm sites to its Scottish operations.

"We are very pleased to have been able to secure this operation,” said Colin Blair, managing director of Cooke Aquaculture Scotland. “The Unst/Yell area on Shetland is a very attractive area to operate, with good staff and optimal fish health.”

CEO Glenn Cooke said the transaction would lead to Cooke owning all the salmon farms in the area.

“That will allow us to coordinate management for the entire area and enhance our ability to meet a growing demand for our products,” Cooke said. “We expect the combined business will improve our performance going forward, bringing our total harvest for Cooke Aquaculture Scotland to approximately 22,500 tons (dressed, head-on) in 2016.”

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