Cooke Decision to Acquire Omega Protein Corporation will Help the Company to Further Diversify the Supply Side of Cooke’s Business and Supports their Strategy of Responsible Growth as a Leader in Seafood Production Globally: Ken Research

“The acquisition of Omega Protein Corporation was the largest acquisition in the 33-year history of Cooke. The strategic fit of Omega Protein’s fish based nutritional ingredients with Cooke’s strong position in aquaculture feed and farming could lead for greater revenues in the years to come”

Enhancing Operational Capability through Vertical Integration: The animal feed ingredients produced by Omega Protein are an important component in Cooke Aquaculture’s production of healthy Atlantic salmon, which will greatly enhance Cooke’s vertical integration and help in being the global leader in seafood production. Omega Protein Shipyard, now part of the Cooke Inc will also help in expanding the capabilities of the fleet of the company. For instance, in July 2019, Omega Shipyard, christened the F/V Southern Star, which will be used by Cooke Uruguay, a sister division of Omega Protein under Cooke Inc., to fish for red crab.

Focus on Product Innovations: This merger brought together two innovative fishery teams with a passion for delivering superior products, service, and value to their customers in a safe and environmentally sustainable manner. Omega Protein’s efficient R&D activities helps the company to offer naturally long-chain Omega-3 content refined from menhaden oil and healthy food grade oil. The deal brought additional 1,000 employees into the Cooke team, which now numbers approximately 6,000 globally. It is expected that Cooke will benefit from it, in terms of production efficiency and product innovations for markets which are still untapped.

Rising Demand for Omega-3 Fatty Acids: The company may benefit from the growing demand for omega-3 fatty acids globally. Omega protein is a provider of omega-3 fatty acids. Therefore, the company may capture growth emanating from the increasing demand for omega-3 fatty acids. Increase in this demand is primarily due to growing consumer awareness regarding the health benefits associated with omega-3. The rising prevalence of coronary heart diseases is expected to drive market demand for omega-3 over the next six years. According to several industry reports, the global market for omega-3 is expected to reach USD 7.3 billion by 2020. Europe was the largest consumer of omega-3 ingredients in 2016, accounting for more than 60% of global consumption and is expected to maintain leadership position till 2020. 

For more information on market research report, please refer to the link below:
https://www.kenresearch.com/agriculture-and-animal-care/farming/omega-protein-corporation/243556-104.html

Key Topics Covered in the Report
• Comprehensive Profile of Omega Protein Corporation
• Business Model of Omega Protein Corporation
• Revenue and Other Financial Metrics of Omega Protein Corporation
• Production Volume of Omega Protein Corporation
• Revenue and Other Financial Metrics of Omega Protein Corporation Business Segments (Animal Nutrition and Human Nutrition)
• Production Volume of Omega Protein Corporation Business Segments (Animal Nutrition and Human Nutrition)
• Product Portfolio of Omega Protein Corporation Business Segments (Animal Nutrition and Human Nutrition)
• Details on Acquisition and Merger between Cooke and Omega Protein Corporation (Acquirer’s Profile, Deal Overview, Deal Size, Acquisition Fund Sourcing, Deal Rationale, Deal Advisors, Approvals for Merger, Valuation Metrics, Assets Acquired, Close of Transaction etc.)
• SWOT Analysis of Omega Protein Corporation
• Future Management Guidance/Outlook

Key Target Audience
• Fishing Companies
• Animal Nutrition Product Manufacturers
• Human Nutrition Product Manufacturers
• Sea Food Manufacturers and Retailers
• Ship Building Companies
• Investment Banks
• Private Equity Firms and Consultants
• End Users of Fishmeal and Fish Oil

Time Period Captured in the Report:
• Historical Period - 2012-2017
• Forecast Period – 2018E-2025E (Future Revenue Projections)

Related Reports:
https://www.kenresearch.com/agriculture-and-animal-care/farming/comprehensive-profile-daybrook-fisheries/243557-104.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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