Baja Aqua-Farms expands seafood platform with Baja Marine Foods acquisition
Transaction marks Baja Aqua-Farms' entry into the high-growth marine ingredients sector.
Baja Aqua-Farms announces the acquisition of Baja Marine Foods, a fishing and processing company headquartered in Baja California, Mexico.
Baja Marine Foods produces fishmeal, fish-oil and frozen seafood products from sustainable sourced pelagic species sold for human consumption or as ingredients to the aquaculture and pet food industries. Founded in 2010, Baja Marine Foods owns two fishing vessels and a modern processing plant with capacity to process up to 450 tons of protein per day.
The acquisition enhances Baja Aqua-Farms’ end-to-end supply chain traceability, from ocean to plate. In addition, the transaction marks Baja Aqua-Farms' entry into the high-growth marine ingredients sector through the production of premium fishmeal and fish oil.
Manuel Vazquez, chief executive oifficer of Baja Aqua-Farms, said, “We look forward to welcoming the Baja Marine Foods’ team as they join the Baja Aqua-Farms’ family in this exciting new chapter. This acquisition strengthens our ability to deliver the highest quality bluefin tuna to our customers around the world in a sustainable and environmentally responsible manner.”
Financial terms of the transaction were not disclosed.
Source: Baja Aqua-Farms
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