Cooke buys feed company

December 21, 2017
By Liza Mayer

Salmon producer Cooke Aquaculture has acquired feed producer Omega Protein Corporation for $500 million.

The purchase marks the largest acquisition made by Cooke in its 32-year history, said Cooke CEO Glenn Cooke. He said the move will help further diversify the supply side of Cooke Aquaculture's business.

NYSE-listed Omega Protein produces dietary supplements and animal feeds. It is headquartered in Houston, Texas and has seven manufacturing facilities in the United States, Canada and Europe.