Seafood producer Cooke Inc has completed the $500 million takeover of protein product manufacturer Omega Protein.
The deal was worth $22 per share, which Cooke paid in cash. The acquisition is the largest in the 32-year history of the company.
Omega Protein produces a range of speciality protein products which are sustainably sourced and include omega-3 from fish, whey protein from Wisconsin dairy farms and a range of speciality oils such as coconut and borage seed oils.
As a result of the deal, Cooke will obtain Omega’s seven manufacturing facilities, which are located in the United States, Canada and the Netherlands.
Glenn Cooke, CEO of Cooke Inc said: “The acquisition of Omega Protein will help further diversify the supply side of our business and supports our strategy of responsible growth as a leader in seafood production.
“We are bringing together two innovative fishery teams with a passion for delivering superior products, service, and value to our customers in a safe and environmentally sustainable manner.
“We started our family-operated company in 1985, and through the hard work of our employees have grown to become a fully-integrated global seafood leader offering a wide array of farmed and wild-caught products to customers around the world.”
Source: FoodBev
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
