The Report titled “Comprehensive
Profile: Omega Protein Corporation– Largest U.S. Producer of Protein-Rich Meal
and Oil Derived from Marine Sources” provides a detailed analysis on Omega Protein which was
acquired by Cooke in the year 2017. The report covers various aspects such as
Overview of Omega Protein, Synergy between Cookie and Omega Protein and how it
helped Cooke Group. It also includes revenue and production volume of Omega
Protein business segments (Animal Nutrition and Human Nutrition). The report
concludes with few aspects on future trends in seafood production globally and
future management guidance.
Omega is a nutritional products company incorporated
in Nevada that develops, produces and delivers nutrition products throughout
the world to improve the nutritional integrity of foods, dietary supplements
and animal feeds. Omega operates in two primary industry segments: animal
nutrition and human nutrition. Omega’s animal nutrition segment is comprised
primarily of two subsidiaries: Omega Protein, Inc. (“OPI”) and Omega Shipyard,
Inc. The human nutrition business operates
under the “Tera’s” branded product and “Bioriginal” names. Bioriginal has three
primary product lines: specialty oils, protein products and other
nutraceuticals ingredients.
Overview
of Cooke Group
Cooke
is a corporation incorporated under the laws of the Province of New
Brunswick, Canada and is an enterprise which is 33 years old. Cooke is the sole
shareholder of Cooke Aquaculture Inc. The Cooke Family of Companies (the “Cooke Family”)
includes aquaculture divisions under Cooke Aquaculture Inc. (“Cooke
Aquaculture”) and seafood divisions under Cooke Seafood USA, Inc (“Cooke
Seafood”) and Icicle Seafoods, Inc. (“Icicle”). Cooke Aquaculture is a
vertically-integrated aquaculture corporation based in Blacks Harbour, New
Brunswick, Canada with salmon farming operations in Atlantic Canada, the United
States (Maine and Washington), Chile and Scotland as well as seabass and sea
bream farming operations in Spain.
The acquisition of Omega Protein was the largest acquisition in the 33-year history of Cooke and it helped to further diversify the
supply side of Cooke’s business and supports their strategy of responsible
growth as a leader in seafood production globally. The deal brought together two innovative fishery teams with a passion
for delivering superior products, service, and value to our customers in a safe
and environmentally sustainable manner. From a business perspective, the companies are a strategic
fit and the merger makes both companies stronger in terms of their operational
capability. 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.
Aquaculture
growth at the world level is expected to continue facing challenges associated
with factors that include environmental regulations, diseases related to
stocking density and a reduction in the availability of optimal production
locations. The popularity of omega 3 fatty acids in the human food diet and the
specific characteristics required for feed by the aquaculture sector are
assumed to have permanently increased the fish to oilseed oil price ratio and
it is not expected that new feeding techniques will change this in the short to
medium term. With slower but continuing growth in demand from aquaculture and
rather stable supply, the price of fishmeal is expected to grow by a small
amount relative to oilseed meals.
Omega
Protein’s marine protein and oil business is subject to significant competition
from producers of vegetable and other animal protein and oil products. Other
globally produced fish oils also provide primary market competition for Omega
Protein’s fish oil; soybean and rapeseed oil are an additional source of less
direct competition. Omega Protein majorly competes with Daybrook Fisheries (a
part of Oceana Group). Other competitors are American Seafoods Group LLC,
Archer Daniels Midland Co, Cargill Inc, HQ Sustainable Maritime Industries,
Inc., Mondelez International Inc, Nippon Suisan (USA) Inc. etc. The human
nutrition segment competes with manufacturers, distributors and marketers of
food and dietary supplement ingredients both within and outside the United
States, Canada and Europe. The main competition parameters on which Omega
Protein competes are price, quality and performance characteristics of its
products, such as protein level and amino acid profile in the case of fish
meal.
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 help
in expanding the overall capabilities of the company’s fleet. 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. The deal also brought another 1,000 employees into the Cooke
team, which now numbers approximately 6,000 worldwide. It is expected that
Cooke will benefit from it, in terms of production efficiency and product
innovations for markets which are still untapped.
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)
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
For more information on
the research report, refer to below link:-
Related Report:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
