Brazil’s GeneSeas moves to acquire Tropical Aquaculture
Rockland, Maine, U.S.A.- and Rutland, Vermont, U.S.A.-based Tropical Aquaculture Products has been acquired by Brazil’s GeneSeas, according to a 20 February report from the Global Legal Chronicle.
Financial details of the acquisition were not disclosed.
Founded in Brazil in 2001, GeneSeas specializes in the production and exportation of fresh tilapia to several global markets, including to the United States. The enterprise has farms located in the Alha Solteira reservoir, near São Paulo and Mato Grosso do Sul, and has been a partner of Tropical Aquaculture since 2016. Its tilapia farm and production plant in São Paulo, Brazil, received Best Aquaculture Practices (BAP) certification on 12 September, 2016, making GeneSeas the first aquaculture operation in the country to receive such a distinction.
Seafood sales, distribution, and marketing firm Tropical Aquaculture was founded in 1995 and excels in the wholesale distribution of fresh, cured, and frozen seafood. The company works with a cooperative of family-run aquaculture operations throughout South America and beyond and was one of the first importers of fresh, premium tilapia into the United States. Its portfolio includes fresh and frozen tilapia, fresh and frozen shrimp, fresh steelhead trout, fresh European Union-certified organic salmon, and fresh Icelandic day-boat cod.