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With the acquisition of Omega Protein, the Cooke family of companies now employ approximately 6,000 people worldwide.
But the ASMFC had never taken any steps to limit the amount of fish Omega Protein could lawfully catch along the Atlantic coast.
By 1997, only two menhaden reduction facilities remained on the East Coast, and by 2005, Omega Protein owned the last factory standing.
Omega Protein has three fishing plants on the Gulf Coast -- one in Mississippi and two in Louisiana.
Omega Protein Corporation is a manufacturer of fish oils containing Omega-3 fatty acids for human consumption, as well as specialty fish meals and fish oil used as value-added ingredients in aquaculture, swine and other livestock feeds.
Last December, Zapata announced that it is trying to sell off Omega Protein, possibly to help service this debt or perhaps to unload the business before its troubles become too obvious.
While the largest market remains meal for the animal feed industry, Omega Protein is also the world's biggest manufacturer of liquid fish protein for aquaculture.
The merger agreement has been unanimously approved by the board of directors of each of Omega Protein and Cooke.
According to Omega Protein, the strategic acquisition advances its business strategy by uniting two highly complementary businesses, adding immediate size and scale to the overall business through more diversified human nutrition product offerings and expanding Omega Protein's global customer reach.
Some of the major players profiled in this report are BASF, DSM, Vega Nutritionals Ltd, Omega Protein Corp, Horizon Organic, Croda International PLC, Copeinca ASA and Arista Industries along with their market share.
M2 EQUITYBITES-October 6, 2017-Cooke Inc to acquire Omega Protein Corporation for USD22.
Royal DSM (The Netherlands), and Omega Protein Corporation (U.