Cooke-backed bid for menhaden MSC certification clears NGO roadblocks

groups further accused Cooke of "buying its way to public respectability" with the bid. SAI and Omega, predictably, argued the management is both...Global to provide clarity on how "ecologically based managment measures" will be implemented in the fishery. Cooke-owned menhaden harvester and processor Omega Protein Corp. filed for MSC certification of the fishery in 2017, and received final approval for certification on March 6 from certification group

Fisheries  intrafish.com 31 Jul 20:19 GMT

Cooke offering alternative bait to Maine lobstermen

Cooke Aquaculture said Wednesday that it is offering whole blackbelly rosefish (Helicolenus dactylopterus) for use by Maine lobstermen as an alternative bait. In June, use of the fish as bait was approved by the Maine Department of Marine Resources. This new supply, Cooke said, will help address challenges Maine lobstermen are facing because of a shortage of herring, the traditional bait used to catch lobster. Cooke's Omega Protein christens new red

Fisheries  intrafish.com 10 Jul 23:42 GMT

Cooke's Omega Protein christens new red crab fishing vessel

On Monday, Omega Shipyard, a subsidiary of Omega Protein, christened the Southern Star, a newly retrofitted vessel that is now bound for Uruguay, where it will be used by Cooke Uruguay, a sister division of Omega Protein under Cooke Inc., to fish for red crab (Chaceon Notialis). Glenn Cooke, CEO and co-founder of Cooke Inc., along with his father and co-founder, Gifford Cooke, attended the christening ceremony. "This vessel is going to be a

Fisheries  intrafish.com 08 Jul 19:46 GMT

Podcast: Is the sustainable seafood movement over?

, and Reporter John Evans giving an exclusive on the US Food and Drug Administration's latest claim that omega-3 fatty acids in food may reduce risks of...our previous podcasts: The flood of seafood eco-labels, Thailand's revolution, and what's next in sustainability Norway's algae crisis, Cooke

NEWS  intrafish.com 21 Jun 18:44 GMT

High Liner's Rubicon burden is a heavy one

. Overall food & beverage average multiples in 2017, according to analysts SDR Ventures, were around 10.2x EBITDA. The acquisition of Omega Protein by Cooke, even with a 32.5 percent premium on the share price, was a multiple of 7.8x EBITDA. Needless to say, Omega's margins are significantly higher. Through the first half of 2017 -- a half Omega deemed unsatisfactory -- EBITDA margins were at 20 percent. Even with the share consideration, the cash price

Commentary  intrafish.com 13 Jun 22:41 GMT

Here's a list of 20 years of Cooke acquisitions

timeline of Cooke's acquisitions through the past two decades: 1997-Acquired Atlantic Fish Specialties Ltd in order to expand its value-added forms. 1998...-Acquired Meridian Salmon Farms Limited (now Cooke Aquaculture Scotland), an agreed enterprise valued at £122.5 million (€150.6 million/$206.6 million). 2015-Cooke family creates Cooke Seafood USA Inc and acquires the Wanchese Fish Company. 2016- Cooke expanded its investments and acquired Icicle

Finance  intrafish.com 28 May 21:29 GMT

Cooke in talks for Ocean Beauty stake

February and Omega Protein in late 2017 -- it's largest acquisition in its 32-year history. Officials from BBEDC and Cooke Aquaculture were unavailable to...Canadian seafood giant Cooke Aquaculture is in talks to acquire all or part of Seattle-based processor Ocean Beauty, sources close to the deal told IntraFish. Finally, we have a Tyson. Can Cooke keep it together? Ocean Beauty, one of Alaska's largest seafood processors with around $500 million in

Finance  intrafish.com 28 May 19:02 GMT

Cooke acquires Californian distributor

Seafood, Icicle Seafoods, Wanchese Fish Company, and Omega Protein Corporation. Cooke Aquaculture Inc. is a vertically-integrated family company based in...Cooke Seafood on Monday announced it acquired fresh seafood distributor All Seas Wholesale of San Francisco, California. The transaction was...Seafood products to additional markets," said Glenn Cooke, CEO of Cooke Inc. The terms of the transaction have not been disclosed as both companies are

Finance  intrafish.com 19 Mar 16:54 GMT

The unsurprising salmon cartel; land-based skeptics; whitefish recovery; Brexit fears

America, Cooke Aquaculture unveiled it is using a CAD 45 million lease package to combat one of its biggest salmon farming problems, while land-based salmon...omega 3 oil and MSD Animal Health acquired a fish health company. Speaking of acquisitions, the (very) long awaited announcement regarding the sale of

NEWS  intrafish.com 12 Mar 08:10 GMT