Cooke acquires Omega Protein for nearly USD 500 million

October 6, 2017 Canada, Gulf of Mexico

Cooke Aquaculture’s parent company has acquired Texas-based fish oil and fishmeal producer Omega Protein for nearly USD 500 million (EUR 428 million). The agreement has been unanimously approved by the board of directors of each of Omega Protein and Cooke, according to a press release. Cooke Inc., based in New Brunswick, Canada, and Houston-headquartered Omega Protein agreed to a purchase price of USD 22.00 (EUR 18.81) per share for the publicly traded company.,, The transaction, which is expected to close near the end of 2017 or early in 2018, according to Cooke, is subject to the approval of Omega Protein stockholders, certain regulatory approvals, and other customary closing conditions. click here to read the story 14:30

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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