NEWS FEED & ADDITIVE MAGAZINE September 2022 7 Sea6 Energy has adapted its cultivation technology to the conditions in deeper water and adverse weather conditions and covers both parts of the value chain with its integrated business model. To identify the right locations with the right conditions for its farms, Sea6 Energy uses satellite imagery, for example. Under suitable conditions, at least six harvests per year are possible. The company is headquartered in Bangalore, India, while in Bali, Indonesia, it has set up a fully owned subsidiary that carries out commercial seaweed farming. Sea6 operates various plants in Tuticorin, India, for the further processing of red seaweed for different applications. In addition, Sea6 Energy has developed a proprietary process that increases the shelf life of red seaweed from one to two days to up to 60 days. This facilitates the transport of fresh red seaweed, which can otherwise only be transported over longer distances once it has been dried. Canada-based Cooke Inc. has entered into an agreement for acquisition of Tassal, the largest vertically integrated seafood producer and blue agri-tech business in Australia. Cooke Inc., parent company of Cooke Aquaculture Inc. of New Brunswick, Canada, and Tassal Group Limited of Australia announced that they have entered into a definitive agreement for acquisition of Tassal. Cooke, via a wholly-owned Australian subsidiary, has agreed to acquire all outstanding shares of Tassal for A$5.23 per share in cash by way of a scheme of arrangement. The transaction price represents a premium of 49% to Tassal’s undisturbed closing share price on June 22, 2022. Listed on the Australian Securities Exchange, Tassal is the largest vertically integrated seafood producer and blue agri-tech business in Australia. With over 36 years’ experience, Tassal employs over 1,700 people in Tasmania and Australia who farmed 40,000 metric tonnes of Atlantic salmon and 5,500 metric tonnes of Black Tiger Prawn in 2021 for domestic and export markets including Asia, New Zealand and USA. At 115,000 metric tonnes annually, Cooke is the sixth largest farmed salmon producer in the world and, like Tassal, all Cooke feed mills, hatcheries, farms and processing operations are accredited by third-party organizations. The Tassal acquisition would put Cooke at 155,000 metric tonnes — closing in on becoming a top five producer. In 2021, the world’s demand for low carbon footprint, affordable, nutritious protein, resulted in more than 4 million metric tons of farmed salmon produced globally by all companies. Cooke enters into agreement for acquisition of Tassal
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