April 21, 2019
Business Latest News | Kenduskeag Race | Bangor Metro | Bangor Homelessness | Today's Paper

Salmon farmer in Maine acquires Latin American shrimp firm

Robert F. Bukaty | AP
Robert F. Bukaty | AP
In this Jan. 6, 2012 file photo, northern shrimp lie in a pile aboard a trawler in the Gulf of Maine.

MACHIASPORT, Maine — A major player in aquaculture that has facilities in Maine says it has completed acquisition of one of the largest premium shrimp farms in Latin America.

Cooke Inc. says it has acquired Seajoy Seafood Corporation group, which farms shrimp in Honduras and Nicaragua. Cooke Inc. is the parent of Cooke Aquaculture, which is based in New Brunswick, Canada, and is one of the major companies in worldwide salmon farming.

Cooke representatives say in a statement that the acquisition of Seajoy is an important piece of the company’s plans to diversify its products. Seajoy focuses on producing value-added Pacific white shrimp. Its products are sold to customers in the Americas, Europe and Asia.

Cooke says the terms of the transaction have not been disclosed as both companies are private, family-owned businesses.

Have feedback? Want to know more? Send us ideas for follow-up stories.

You may also like