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Cooke Acquires New Plant

by 5m Editor
7 May 2010, at 1:00am

CANADA - Cooke Aquaculture will purchase Ocean Choice International's processing facility in Hermitage, Newfoundland.

It is hoped the agreement will be finalised by the end of June.

The decision to sell the facility was made in light of the declining raw material base to support the Hermitage operation and we are pleased to reach an agreement with Cooke Aquaculture, a key player in the expanding aquaculture industry in the Coast of Bays region. This agreement ensures a future for the operation going forward,” said Sullivan. Ocean Choice representatives will be meeting with affected stakeholders over the coming days.

Glenn Cooke, Chief Executive Officer of Cooke Aquaculture, said the purchase of the Hermitage facility is a strategic investment that will support the company’s marine aquaculture operations on the south coast of Newfoundland. The facility will be used as a service depot for feed distribution and maintenance needs.

“This infrastructure purchase will contribute to the stability of our operations over the long-term. It is consistent with the overall plans for Newfoundland and Labrador that we announced in 2006 - to develop a successful business model for aquaculture for the province,” he said.

Mr Cooke said that it will be business as usual in Harbour Breton for the immediate future with salmon processing continuing at that site. At this point, Cooke Aquaculture has yet to determine the employment opportunities that this purchase will provide to the Hermitage community.

5m Editor