New Brunswick-based seafood company Cooke Inc. has reached an agreement to acquire 68 salmon farm sites operated by Mowi Canada East in eastern Canada, according to multiple outlets. The deal is valued at $225 million and is subject to final approvals before it closes.
The agreement covers Cooke’s purchase of salmon farming operations currently run by Mowi Canada East. While the reported terms specify the number of sites and the overall transaction value, both sources frame the arrangement as an acquisition that remains pending regulatory and other final sign-off.
No additional details about the timing of closing, regulatory process, or operational transition are included in the provided summaries. Both reports characterize the transaction as the expansion of Cooke’s salmon farming footprint through the acquisition of its Norwegian rival’s Canadian assets.
