NEWS 106 FEED & ADDITIVE MAGAZINE December 2024 Cooke Inc. and PF Cayman New Holdco Limited executed a binding share purchase agreement under which a wholly-owned subsidiary of Cooke will indirectly acquire all the outstanding shares of Corporación Pesquera Inca S.A.C. (Copeinca) of Peru — one of the world’s largest fishmeal and fish oil producers and exporters. Copeinca was established in 1994 and has grown to become one of Peru’s largest fishing companies with 2,770 employees, 45 vessels and 8 processing plants that span the north and center coastline of Peru. Copeinca reportedly holds the largest anchoveta (Enaraulis ringens) quota in Peru at 15.9% and processes approximately 21% of the country’s total catch for annual production of approximately 200,000 MT of fishmeal and 23,000 MT of fish oil. Upon completion of the acquisition, Cooke aims to strengthen its growing marine ingredients business and diversify its geographic and species portfolio. “There is tremendous compatibility between Cooke and Copeinca, and we’re excited to welcome Copeinca’s dedicated employees to the Cooke family of companies,” said Glenn Cooke, CEO of Cooke. “High quality fishmeal and fish oil are essential animal and human nutritional ingredients. They ensure a safe and wholesome feed supply for the growth and care of animals in several farming groups, including aquaculture. We believe Copeinca will be a major contributor in furthering Cooke’s growth as a leader strengthening global food security.” Read more>> As one of the leading players in the Benelux pet food market, Premium Petfood Brands completed the acquisition of the Yarrah brand. Following the recent bankruptcy of Yarrah, a pioneer in organic pet food, Premium Petfood Brands explains it saw a unique opportunity to expand its portfolio including the Smølke and Rodi brands and further strengthen its position as a supplier of high-quality dog and cat food. The addition of Yarrah marks an expansion into the organic pet food segment. Over the years, Yarrah has built an excellent reputation for animal welfare and sustainability, values that perfectly align with its vision, Premium Petfood Brands points out. The growing demand for sustainable and organic products in the pet market is evident. With Yarrah, the company can respond to this need and offer both consumers and retailers a wider choice of responsible food. In 1992, it was Premium Petfood Brands’ Owner Jan Jaap Roelevink who first started producing and marketing organic pet food under the brand name Yarrah. In 2012, he sold Yarrah to Vendis Capital and in 2017 the company was resold to AAC Capital. That the brand is back in Roelevink's hands so many years later, makes it feel like Yarrah is coming home again, the company expresses. Read more>> Cooke makes agreement for acquisition of Peruvian fish oil producer Premium Petfood Brands expands portfolio
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