AP NEWS
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Woodbridge International Closes Sale of Farallon Aquaculture de Nicaragua to Cooke Inc.

March 19, 2019

NEW HAVEN, Conn., March 19, 2019 (GLOBE NEWSWIRE) -- Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Farallon Aquaculture de Nicaragua S.A. (“Farallon Nicaragua”), by Cooke Inc., the parent of Cooke Aquaculture Inc.

Farallon Nicaragua, headquartered in Leon, Nicaragua, is a vertically integrated producer of farmed shrimp and a leading supplier of branded fresh-frozen shrimp to major markets in Asia, Europe and the U.S.

In the announcement of the deal, Glenn Cooke, CEO of Cooke, Inc. said, “Farallon Nicaragua is a company guided by the highest international standards in environment, health, security and quality – all attributes shared with our existing aquaculture and wild seafood fishery divisions. With their long-term expertise in the shrimp market and emphasis on continuous innovation, Farallon is well positioned to support our expansion in the shrimp market to supply high quality, sustainable seafood.”

The Cooke Inc. family of companies includes global aquaculture divisions such as its wholly-owned subsidiary Cooke Aquaculture Inc. and Kelly Cove Salmon Ltd., as well as seafood and wild fishery divisions under Cooke Seafood USA, Inc., Icicle Seafoods, Inc., Wanchese Fish Company, Inc. and Omega Protein Corporation.

Cooke Aquaculture Inc. was recently recognized as the top private growth company in Canada by Grant Thornton and the Canadian Chamber of Commerce.

Woodbridge International’s ground-breaking approach to marketing a company globally has transformed the way the sell-side M&A industry does business.

Contact: Marni Connelly, Managing Director203-389-8400 ext. 207mconnelly@woodbridgegrp.com

All contents © copyright 2019 The Associated Press.All rights reserved.