Cooke has acquired all outstanding shares of Omega Protein for $22 per share in cash.
Cooke Inc. has completed the acquisition of Omega Protein Corporation, a nutritional product company and a leading integrated provider of specialty oils and specialty protein products.
As per the transaction, Cooke has acquired all outstanding shares of Omega Protein for $22 per share in cash, or a total value of approximately $500 million.
The acquisition of Omega Protein will help further diversify the supply side of Cooke’s business and supports their strategy of responsible growth as a leader in seafood production.
Cooke Aquaculture Inc. has achieved Best Aquaculture Practices (BAP) certification for our North and South American salmon aquaculture operations. BAP is the world’s only aquaculture certification program that covers the entire production chain (hatcheries, feed mills, farms and processing plants).
Omega Protein is on track to be approved by the Marine Stewardship Council (MSC). The MSC is the only wild-capture fisheries certification and ecolabelling program that meets best practice requirements set by both the United Nations Food and Agriculture Organization (UNFAO) and ISEAL, the global membership association for sustainability standards.
