New Brunswick, Canada-based aquaculture firm Cooke Inc. has announced it will purchase Peruvian fishmeal and fish oil producer Corporación Pesquera Inca (Copeinca).
Under a binding share purchase agreement, a wholly owned subsidiary of Cooke will indirectly acquire all the outstanding shares of Copeinca, Peru’s largest fishing company and one of the world’s largest fishmeal and fish oil producers.
The Peruvian firm boasts the largest anchoveta quota in Peru at 15.9 percent, and it processes about 21 percent of the country’s total catch for an annual production of approximately 200,000 metric tons (MT) of fishmeal and 23,000 MT of fish oil.
“There is tremendous compatibility between Cooke and Copeinca, and we’re excited to welcome Copeinca’s dedicated employees to the Cooke family of companies,” Cooke CEO Glenn Cooke said in a release. “High-quality fishmeal and fish oil are essential animal and human nutritional ingredients. They ensure a safe and wholesome feed supply for the growth and care of animals in several farming groups, including aquaculture. We believe Copeinca will be a major contributor in furthering Cooke’s growth as a leader strengthening global food security.”
Copeinca CEO Jose Miguel Tirado underlined the two companies’ “people-centric culture focused on building up working waterfronts in rural coastal communities through sustainable fish harvesting and responsible processing.”
“Cooke’s strategic agility and vertically integrated operations will enable Copeinca to remain competitive in an evolving global export market,” he said in the same release.
The closed-process sale …
