The acquisition includes three farm sites and just over 1,000 tons of salmon production which gives Cooke exclusive management over the northern most farming region in the UK.
Balta operates in a separate management area to Unst and Yell, which will help Cooke reduce biological risks as well as provide the company with flexibility and synergies in production.
This additional production will protect jobs in the area and support investments in other aspects of the business, including processing.
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 global demand for healthy, fresh seafood.
