New Brunswick aquaculture and fisheries company Cooke Inc. has inked a deal valued at about $500-million to aquire Omega Protein.
Omega Protein is a Houston, Texas-based nutritional product company established in 1913 that employs more than 1100 people and exports its products to more than 40 countries.
The company describes itself as the ‘leading, vertically integrated producer in the United States of omega-3 rich fish oil, protein rich specialty fishmeal and organic fish solubles for livestock and aquaculture feed manufacturers,’ and the agreement is that Cooke acquire the company for $22 per share.
“Cooke is a family owned company and in many ways, reminds us a lot of ourselves and this agreement is the perfect fit for the two companies,” president and CEO of Omega Protein Bret Scholtes says in a release.
The merger agreement has been approved unanimously by the board of directors for both Cooke and Omega Protein.
The deal is expected to close near the end of 2017 or early in 2018 and, among other things, is subject to approval from the stockholders of Omega Protein.
