Morubel distributes its market-leading organic and frozen products to retail, catering and food industry customers across Europe in Spain, Portugal, Germany, Belgium, the Netherlands, Luxembourg , in Italy and in France.
Morubel’s line of wild-caught products includes Argentine Red Prawns, Tropical Prawns and Prawns, Vannamei Prawns, Crayfish and Squid. The company provides farmed aquaculture products including black tiger shrimp, northern shrimp, mussels and scallops. Morubel provides products with full traceability from its global supply chain as well as multiple sustainability and food safety certifications.
Founded in 1954, Morubel was acquired in 2014 by Bencis Capital Partners, an independent investment firm with offices in Amsterdam, Brussels and Düsseldorf.
Morubel’s 14,000 square meter plant in Ostend, Belgium has a production capacity of 18,000 metric tons for frozen seafood, retail and bulk packaging with increased growth opportunity. Ostend is the largest city on the Belgian coast, famous for its delicious seaside cuisine.
“Morubel’s focus on developing new value-added sustainable products and continuous innovation has been an attractive complement to our European seafood offerings,” says Glenn Cooke, CEO of Cooke Inc. “We are very happy to welcome the 100 employees of Morubel to Cooke. The factory staff, sales and management are exceptional and they have built long-standing customer relationships by being a flexible and reliable supplier with consistently high quality and short delivery times.
The Cooke family of companies has diversified its operations in Europe, including Cooke Aquaculture Scotland, Northeast Nutrition Scotland, Cooke Aquaculture Spain/Grupo Culmarex and Bioriginal Europe/Asia BV in the Netherlands. Globally, Cooke harvests and sells 30% wild-caught seafood and 70% farmed seafood and has European sales representatives in the market.
“The Cooke team had a strong presence this spring in Barcelona at Seafood Expo Global and Seafood Processing Global, the world’s largest seafood trade show. The Morubel team is delighted with the sale to Cooke – we have found a ideal alignment to enable our future growth,” says Dirk De Pandelaere, CEO of Morubel. “We see many opportunities to expand our product range to sell additional Cooke products in European countries where Cooke is expanding its presence.”
Terms of the transaction were not disclosed as the two companies are independent businesses.