Cooke closes Scottish deal

Canada’s Cooke Aquaculture has bought Marine Harvest’ fully owned subsidiary Meridian Salmon Farms, Scotland’s leading salmon farming company.

Cooke says the investment will help it achieve growth to meet a growing market demand for healthy, fresh seafood. Meridian has assets in Shetland, Orkney and the mainland of Scotland.

“We believe this investment in the well-respected Scottish industry creates value for our entire group and strengthens our European foothold, which already includes Culmarex, our seabass and bream farming company in Spain,” said Glenn Cooke, CEO.

“The company is highly profitable and is a cost effective producer with a dedicated management team and employee base. We will build on their experience and expertise as we further strengthen and grow this company as Cooke Aquaculture Scotland.”

Members of the Cooke team will work together with our highly qualified management in Scotland to develop an operational and marketing strategy for the future. It will be business as usual during this transition period,” he added.

As well as Meridian and Culmarex, Cooke also owns Salmones Cupquelan, a salmon farming company in southern Chile.

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