N.B. seafood giant Cooke buys insolvent U.S. fish processor, expands global reach
Posted Oct 28, 2020 11:23:07 AM.
Last Updated Oct 28, 2020 11:24:08 AM.
This article is more than 5 years old.
BLACKS HARBOUR, N.B. — A division of New Brunswick seafood giant Cooke Inc. has acquired Mariner Seafood LLC of New Bedford, Mass., expanding the family-owned company’s operations in the United States.
True North Seafood, the flagship brand and processing arm of Cooke, purchased Mariner Seafood for US$2.75 million after the U.S. company filed for bankruptcy protection last month.
The sale includes two processing plants in the port of New Bedford capable of processing more than 8,000 metric tons a year of seafood product including scallops, haddock, cod, salmon and shrimp.
Glenn Cooke, CEO of Cooke, says it has been a dream of the family seafood company to have a presence in the historic, high-value fishing port.
The company now has 4,000 employees in 22 U.S. states, with plans to hire additional workers.
Cooke, which started in rural New Brunswick in 1985 with three employees, now has a global workforce of over 10,000 employees in 10 countries. It is the largest privately held family seafood company in the world.
This report by The Canadian Press was first published Oct. 28, 2020.
The Canadian Press
