Center for Aquaculture Technologies sold to Cuna Del Mar
April 29, 2019
By Aquaculture North America Staff
On April 23, 2019, all shares in aquaculture R&D company The Center for Aquaculture Technologies (CAT), were purchased by Cuna Del Mar LP (CDM), a US-based aquaculture investment fund, for an undisclosed amount from Linnaeus Capital Partners BV.
“We look forward to working within Cuna del Mar, a fund that clearly sees the potential for growth in the aquaculture industry,” said Dr. John Buchanan, chief executive officer of CAT.
“Cuna del Mar is very pleased to be acquiring the CAT operations in the USA and Canada,” Robert Orr, managing director of Cuna Del Mar said. “CAT has a tremendously talented team of people with unique capabilities, who are dedicated to making a difference for our customers and the industry as a whole. We are excited about the possibilities the future holds for this business.”
CAT currently operates two laboratories: its research hub in San Diego, Calif., and wet lab facilities including BSL 3 containment for aquatic animal pathogens, located on Prince Edward Island in Canada. Through its laboratories, CAT is working on genetic improvement in the aquaculture industry as well as facilitating commercial development of innovative feed and health management products and services.
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