Cooke Seafood buys Uruguay’s largest seafood company FripurStaff Writer | December 16, 2016
Cooke Seafood has acquired the assets of Fripur, Uruguay’s largest seafood company. TA public purchase deed was signed in Uruguay, finalizing a thorough court approval process.
Acquisition 8,000 MT of hake per year in Argentina
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, an entity owned by Cooke Seafood USA. 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. ■