Canadian seafood giant Cooke has acquired Belgian shrimp processor Morubel from investment company Bencis.
The terms of the transaction were not disclosed.
Morubel cultivates, processes, packs and distributes shrimp and other seafood products to retail, foodservice and food industry customers across Europe in Spain, Portugal, Germany, Belgium, the Netherlands, Luxembourg, Italy, and France.
Morubel’s wild-catch product range includes Argentina red shrimp, shrimp, crayfish, and squid.
The company supplies farmed seafood, including black tiger shrimp, northern prawns, mussels and scallops.
Founded in 1954, Morubel was acquired in 2014 by Bencis Capital Partners, an independent investment company with offices in Amsterdam, Brussels, and Düsseldorf.
Morubel’s 14,000-square-meter plant in Ostend, Belgium, has a production capacity of 18,000 metric tons of frozen seafood, retail and bulk packaging with opportunity for increased growth, the company said.