SAINT ANDREWS, N.B. — All the i’s are dotted and t’s are crossed and now an Atlantic Canadian seafood giant has its first foothold in Australia. On Monday, ...
Glenn Cooke , CEO of Cooke Inc., and Mark Ryan, CEO of Tassal, shake on the $1.5 billion deal that sees the Atlantic Canadian company acquire the assets of the Australian aquaculture and seafood business. - ContributedSAINT ANDREWS, N.B. — All the i’s are dotted and t’s are crossed and now an Atlantic Canadian seafood giant has its first foothold in Australia.
According to the latest data on the ASX, Tassal had sales of $773.33 million in last fiscal year, which ended in June. Net profits for the company over the past four years ranged from $34.6 million in 2021 to $69.1 million in 2020. “We’re looking forward to working with Tassal’s employees and customers to ensure that we continue to produce high quality, sustainable seafood for the Australian market and beyond.”
Data from the Australian stock exchange shows Tassal's revenue and profits annually for the past four years. Screenshot from ASX - ScreenshotIn fact, 2022 is proving to be their busiest year for buying up other companies, and not just in seafood.“major partnership investment” into Canada’s oldest candy and chocolate companyThe financial aspects of the deal were not disclosed, since both companies are privately owned, but in a press release Byrana Ganong, president and CEO of Ganong Bros.
With the Tassal acquisition Cooke now has a global workforce approaching 13,000 employees in 11 countries – mainly located in rural areas.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Brunswick seafood giant Cooke buys Tassal Group of Australia for $1.5 billionCooke Aquaculture Inc. says the deal is the largest\u002Dever purchase for the family\u002Downed company since its launch in 1985. Read more
Read more »
New Brunswick seafood giant Cooke Inc. acquires Tassal Group of Australia for $1.5B - BNN BloombergNew Brunswick seafood giant Cooke Inc. says it has completed a C$1.5-billion acquisition of Australian seafood producer Tassal Group Ltd.
Read more »
New Brunswick seafood giant Cooke buys Tassal Group of Australia for $1.5 billionCooke Aquaculture Inc. says the deal is the largest\u002Dever purchase for the family\u002Downed company since its launch in 1985. Read more
Read more »
N.B. seafood giant Cooke Inc. acquires Tassal Group of Australia for $1.5B - New Brunswick | Globalnews.caCooke CEO Glenn Cooke says the company is thrilled to join the Tasmanian aquaculture industry and welcomed Tassal's 1,700 employees.
Read more »
Atlantic regional weather forecast: November 21, 2022 | SaltWireMarine Forecast - November 22, 2022 Mainland Nova Scotia LURCHER (SW): WIND: NW 30 knots in the morning, diminishing to NW 20 knots in the ...
Read more »
Atlantic regional weather forecast: November 21, 2022 | SaltWireMarine Forecast - November 22, 2022 Mainland Nova Scotia LURCHER (SW): WIND: NW 30 knots in the morning, diminishing to NW 20 knots in the ...
Read more »