Copeinca was established in 1994 and is Peru's largest fishing company.
Copeinca
A subsidiary owned by Cooke Inc. will indirectly acquire all outstanding shares of Corporación Pesquera Inca S.A.C. (Copeinca) following the signing of a binding share purchase agreement between the Canadian company and PF Cayman New Holdco Limited.
Regarding this acquisition, Cooke CEO Glenn Cooke said: "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."
Additionally, Copeinca CEO Jose Miguel Tirado added: "Our Peruvian company is thrilled to join the Cooke family of companies. Peru and Canada have a very strong and growing trade and investment relationship thanks to active collaboration between governments under the Canada-Peru Free Trade Agreement."
Thus, Cooke is betting on the marine ingredients business and will expand its geographic and species portfolio. The acquisition is expected to close in November.
Cooke has been involved in this sector since 2017, when it acquired the U.S.-based Omega Protein Corporation, a company that produces and supplies nutritional products, as well as specialty oils and proteins.
Moreover, Bioriginal Food & Science Corp., a wholly owned subsidiary of Cooke, presented in March a sustainable line of omega-3 fish, algal, and plant-based oils developed with POS Biosciences technology.
Copeinca is one of the world’s largest fishmeal and fish oil producers and exporters. It was established in 1994 and is Peru's largest fishing company with 2,770 employees, 45 vessels, and 8 processing plants.
It holds the largest anchovy 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.
Copeinca holds numerous industry certifications that reflect its commitment to food security, health and safety, and environmental sustainability including MarinTrust, Friend of the Sea, ISO 14001, ABE, BASC, GMP+, and HACCP.