May 7, 2019
Cuna del Mar buys R&D firm Center for Aquaculture Technologies
Cuna del Mar LP (CDM), a US-based aquaculture investment fund, recently purchased all shares in The Center for Aquaculture Technologies (CAT), a leading aquaculture R&D company, from Linnaeus Capital Partners BV for an undisclosed amount.
Robert Orr, managing director of Cuna del Mar, said, "Cuna del Mar is very pleased to be acquiring the CAT operations in the USA and Canada. CAT has a tremendously talented team of people with unique capabilities, who are dedicated to making a difference for our customers and the industry as a whole. We are excited about the possibilities the future holds for this business."
Dr. John Buchanan, CEO of CAT, for his part, said: "We look forward to working within Cuna del Mar, a fund that clearly sees the potential for growth in the aquaculture industry".
CAT operates two laboratories: its research hub in San Diego, California, and state-of-the-art wet lab facilities including BSL 3 containment for aquatic animal pathogens, located at Prince Edward Island in Canada.
Through the expertise of its team and its laboratories, CAT enables the aquaculture industry to achieve efficient production through genetic improvement, as well as facilitates commercial development of innovative feed and health management products and services.
With Cuna Del Mar, CAT said it looks forward to working with other companies within the CDM portfolio and to expanding its capacity for the conduct of aquaculture contract research and services in support of the global aquaculture industry.
The Center for Aquaculture Technologies was established in 2012, with focus on the use of advanced technologies to improve aquaculture productivity.