TheFishSite.com - news, features, articles and disease information for the fish industry

News

Cooke to Begin Uruguay Fishing Operations in Early 2017

15 December 2016

URUGUAY - Cooke Seafood has now formally acquired the assets of Fripur S.A., Uruguay’s largest seafood company.

The final closing took place on Wednesday, 14 December when a public purchase deed was signed in Uruguay, finalizing a thorough court approval process.

The Fripur acquisition was completed through Perindes S.A., which is owned by the Cooke family.

Cooke had previously begun to repair the Uruguayan fishing vessels and the company anticipates a resumption of fishing operations early in 2017. Fripur traditionally harvested approximately 16,000 tons of Hake (merlusa) and 1,600 MT Red Crab annually within the Uruguayan operations.

The acquisition of Grinfin, a subsidiary of Fripur based in Argentina, was completed several weeks ago and fishing has already started.

That purchase was made through Wanchese Argentina S.r.l., an entity owned by Cooke Seafood USA, Inc. Grinfin ‎employs 70 people and the operation includes 3 large hake fishery vessels along with an office in Buenos Aires. Grinfin has a quota to fish 8,000 MT of hake per year in Argentina.

Further Reading

Go to our previous news item on this story by clicking here.

TheFishSite News Desk



Our Sponsors

Partners



Sustainable Aquaculture Modular Courses AVAILABLE NOW - University of St Andrews

Seasonal Picks

Know Your Freshwater Fishes - 5m Books.com

Aquacullture Webinars from TheFishSite - Sign Up Now