Cooke Aquaculture Expanding Scottish Operations
Kiara Vallier | July 31, 2015
Cooke Aquaculture acquires two new farm sites, positioned adjacently to their current sites in Scotland. The new sites are located on the island of Yell, North East on Shetland, UK. With the acquisition of these sites, Cooke Aquaculture is now the sole owner of aquaculture operations in that specific area. They explain that they were attracted to this area because of their previous success as well as the great staff that are in the area who are producing healthy fish. In recent years, Cooke's farms in that location have been among their most successful farms.
Cooke purchased the sites through shares from Thompson Bros., Salmon Limited. The "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."
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