April 10, 2019
Canada's Cooke Inc. acquires All Seas Wholesale, 2 other seafood firms
Cooke Inc., a Canadian company and parent of Cooke Aquaculture Inc., announced that it has acquired All Seas Wholesale Inc. of California, USA, its third acquisition in just over a month.
Three days before its announcement that it has bought All Seas Wholesale, Cooke Inc. said it had acquired Farallon Aquaculture de Nicaragua S.A.
In early February, Cooke Inc. also announced the acquisition of Seajoy Seafood Corp. group, which is based in Latin America.
All Seas Wholesale is a distributor of up to 40 species of fresh seafood, live shellfish and frozen seafood products.
On the other hand, Farallon is a vertically integrated producer of farmed shrimp and a leading supplier of branded fresh and frozen shrimp to major markets in Asia, Europe and the US.
For 33 years, All Seas Wholesale has been servicing the San Francisco Bay area's hotels, country clubs, airline and event caterers, upscale retail markets, and restaurants as a same-day seller of quality seafoods.
Thrilled to join Cooke family
"Purchasing All Seas allows us to continue to strengthen our vertical integration and distribute our True North Seafood products to additional markets", said Glenn Cooke, CEO of Cooke Inc. "All Seas prides itself on being able to receive an order early in the morning and have it delivered fresh to the customer to serve on their lunch menu that same day, and that fits very well with our drive for high standards in both top quality products and customer satisfaction."
Peggy Howse, general manager, All Seas Wholesale, said, "We are thrilled to have joined the Cooke family of companies. Cooke is respected globally for delivering delicious, sustainable seafood products and now All Seas Wholesale will be taken to the next level serving customers".
Farallon Nicaragua, headquartered in Leon, Nicaragua, operates a state-of-the-art hatchery, three farms and an onsite processing plant from four locations.
"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", said Glenn Cooke. "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".
Seajoy Seafood Corp. group is one of the largest vertically integrated, premium shrimp farmers in Latin America. Seajoy's organic Pacific white shrimp farms are located at Honduras and Nicaragua.
Since Farallon Nicaragua also produces Pacific white shrimp and offers post-larvae (PL) for commercial sale, Glenn Cooke said they plan to integrate the company into their Seajoy operations, which would allow them to achieve Seajoy's certifications for producing environmentally and socially responsible seafood from groups such as the GAA (Global Aquaculture Alliance), 4-star BAP (Best Aquaculture Practices), and ASC (Aquaculture Stewardship Council)". —Rick Alberto