New Brunswick

Seafood company buys Nicaraguan shrimp supplier

Cooke Inc. bought Farallon Aquaculture de Nicaragua S.A., a company with markets in Asia, Europe and the U.S.

Cooke Inc. acquired Farallon Nicaragua, a company that produces Pacific white shrimp

Joel Richardson, vice president public relations for Cooke Inc., said Farallon Nicaragua is a respected brand throughout Asia and the United States and Europe. (CBC)

A New Brunswick seafood company has bought a Nicaraguan shrimp supplier.

Cooke Inc. bought Farallon Aquaculture de Nicaragua S.A., a company with markets in Asia, Europe and the U.S.

Farallon Nicaragua has 384 employees and includes three farms and an onsite processing plant.

"They're a very recognized and respected brand throughout Asia and the United States and Europe," said Joel Richardson, a Cooke spokesman.

In February, Cooke Inc. bought Seajoy Seafood, an organic shrimp company based in Honduras and Nicaragua.

"Farallon Nicaragua, which is located very close to Seajoy, was another opportunity to acquire a very reputable shrimp farming company and we felt that it was a great opportunity to be able to develop our fresh frozen shrimp for major markets," Richardson said.

He said they couldn't disclose the purchase price because Farallon Nicaragua and Cooke Inc. are privately owned.

Cooke Inc. does not farm in India, Vietnam, Thailand or China where a CBC Marketplace investigation found high levels of antibiotic-resistant bacteria on imported shrimp at Canadian grocery stores.

Richardson also said Farallon Nicaragua shrimp are organic and free of antibiotics.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.