Cooke Buys Out Mowi Canada East | Bangor News

Cooke Inc. is set to dominate Atlantic Canada’s salmon farming with a $225 million buyout of Mowi Canada East, gaining control of nearly 70% of the region’s farmed salmon, 250 jobs, and key facilities — all part of Cooke’s aggressive expansion strategy after becoming Maine’s sole salmon producer. Mowi, facing recent fish die-offs in Newfoundland, is streamlining operations. The deal, pending regulatory approval and expected to close late 2026, could reshape the local economy, with Cooke pledging deep investment in coastal communities. This marks another major acquisition for Cooke — a family farm turned industry giant since 1985 — solidifying its grip on Canada’s aquaculture future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/dbe3733a401a79be