This deal adds two farm sites to Cooke Aquaculture Scotland’s operations. The sites are located adjacent to Cooke’s existing facilities at Unst and Yell, which over the past few years has been one of the company’s best performing areas.
"We are very pleased to have been able to secure this operation. The Unst/Yell area on Shetland is a very attractive area to operate, with good staff and optimal fish health,” says Mr Colin Blair, Managing Director of Cooke Aquaculture Scotland Ltd.
“After this transaction, Cooke will own all of the salmon farms in the area,” adds Glenn Cooke, CEO.
“That will allow us to coordinate management for the entire area and enhance our ability to meet a growing demand for our products. We expect the combined business will improve our performance going forward, bringing our total harvest for Cooke Aquaculture Scotland to approximately 22,500 tons DHON in 2016.”
This transaction is consistent with Cooke Aquaculture’s focus on vertical integration and diversification in terms of geography, products and markets. Cooke’s strategy has been to achieve growth through acquisitions and organic growth that is both sustainable and responsibly managed to meet a growing market demand for healthy, fresh seafood.