Earlier this month, Canadian company Cooke Inc. announced that it has completed the acquisition of Seajoy Seafood Corporation group, one of the largest premium shrimp farms from Latin America.
Seajoy was founded in Ecuador in 1979 and has over 1,400 employees. The company focuses on producing value-added and organic Pacific white shrimp with shrimp farms located in Honduras and Nicaragua.
Seajoy has secured certifications for producing environmentally and socially responsible seafood from the GAA (Global Aquaculture Alliance), 4-star BAP (Best Aquaculture Practices), EU Organic, ASC (Aquaculture Stewardship Council), SMETA (social), and the UK BRC (British Retail Consortium).
“The acquisition of Seajoy is an important element in our focus on product diversification to meet our customers’ needs. Seajoy is a world-leading shrimp producer utilizing the highest quality and food safety standard and newest available technology. This aligns perfectly with our existing aquaculture and wild seafood fishery divisions. We feel Seajoys’s entrepreneurial drive, industry knowledge and care for their communities has made them successful and a big reason why we feel this is an incredible cultural fit,” pointed out Glenn Cooke, CEO of Cooke Inc.
The exact terms of the deal were not disclosed.