Cooke Inc., Canada, acquired Farallon Aquaculture de Nicaragua S.A., a Nicaragua-based vertically integrated producer of farmed shrimp and branded fresh-frozen shrimp to major markets in Asia, Europe and the United States, as well as All Seas Wholesale, Inc., a San Francisco-based distributor of up to 40 species of fresh seafood, live shellfish and frozen seafood products.
Farallon Nicaragua employs 384 people out of a state-of-the-art hatchery, three farms and an on-site processing plant from four locations. Meanwhile, All Seas Wholesale services the Bay area’s hotels, country clubs, airline and event caterers, upscale retail markets and restaurants as a same-day purveyor.
“Farallon Nicaragua is a company guided by the highest international standards in environment, health, security and quality – all attributes shared with our existing aquaculture and wild seafood fishery divisions,” says Glenn Cooke, chief executive officer of Cooke Inc. “With their long-term expertise in the shrimp market and emphasis on continuous innovation, Farallon is well positioned to support our expansion in the shrimp market to supply high-quality, sustainable seafood.”
“Purchasing All Seas allows us to continue to strengthen our vertical integration and distribute our True North Seafood products to additional markets,” adds Cooke. “All Seas prides itself on being able to receive an order early in the morning and have it delivered fresh to the customer to serve on their lunch menu that same day, and that fits very well with our drive for high standards in both top-quality products and customer satisfaction.”
“Farallon Nicaragua also produces Pacific white shrimp and offers Post-larvae (PL) for commercial sale,” adds Cooke. “We will integrate the company into our Seajoy operations, which allows for us to achieve Seajoy’s certifications for producing environmentally and socially responsible seafood from groups such as the GAA (Global Aquaculture Alliance), 4-star BAP (Best Aquaculture Practices), and ASC (Aquaculture Stewardship Council).”
“We are thrilled to have joined the Cooke family of companies,” says Peggy Howse, general manager, All Seas Wholesale. “Cooke is respected globally for delivering delicious, sustainable seafood products, and now All Seas Wholesale will be taken to the next level serving customers. Ninety-five percent of All Seas Wholesale employees have been with the company for over 10 years. Our devoted professionals have united with the top seafood team dedicated to offering freshest seafood imaginable.”