Sector News

Cooke Inc acquires Omega Protein in a $500m deal

December 20, 2017
Consumer Packaged Goods

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

comments closed

Related News

May 26, 2024

Heineken Pilot looks to boost digital supply chain flexibility

Consumer Packaged Goods

Heineken is investing in its ability to “mix and match” demand planning models as it builds out a connected supply chain. The flexibility to select models for both shorter and longer horizons remains a current challenge in demand planning, Corneel Hindriks, Heineken manager of digital and technology, global planning, tells CGT.

May 26, 2024

KPS to snap up Tate & Lyle’s corn business in US$350 million deal

Consumer Packaged Goods

US-based investor KPS Capital Partners is set to acquire Tate & Lyle’s joint venture Primient, which formulates plant-based ingredients, for US$350 million. The move will complete KPS’ remaining 49.7% ownership of the company to propel Primient’s corn business by modernizing operations, supporting growth initiatives and sustainability practices.

May 26, 2024

Kimberly-Clark names Patricia Corsi Chief Growth Officer

Consumer Packaged Goods

Kimberly-Clark has selected Patricia Corsi to lead its marketing and adjacent growth strategies, succeeding Alison Lewis as chief growth officer. Corsi will be tasked with accelerating brand and commercial program success, driving long-term growth for the company.

How can we help you?

We're easy to reach