The Center for Aquaculture Technologies (CAT), an aquaculture contract research company based in San Diego, California and Souris, Prince Edward Island, has been acquired by U.S. aquaculture private equity firm Cuna del Mar.
Terms weren’t disclosed. The seller was Linnaeus Capital Partners, a Dutch private equity firm.
Established in 2012 and led by President and CEO John Buchanan, CAT focuses on the application of biotechnologies to improve productivity and sustainability in aquaculture and related industries.
The company’s divisions include breeding and genomics, diagnostics and genotyping, molecular biology, and fish health and nutrition.
Center for Aquaculture Technologies Announces Sale to Cuna Del Mar
April 24, 2019
On April 23, 2019, all shares in leading aquaculture R&D company The Center for Aquaculture Technologies (CAT), were purchased by Cuna Del Mar LP (CDM), a US-based aquaculture investment fund, for an undisclosed amount from Linnaeus Capital Partners BV.
Dr. John Buchanan, CEO of CAT, commented: “We look forward to working within Cuna del Mar, a fund that clearly sees the potential for growth in the aquaculture industry.”
Robert Orr, Managing Director of Cuna Del Mar, added “Cuna del Mar is very pleased to be acquiring the CAT operations in the USA and Canada. CAT has a tremendously talented team of people with unique capabilities, who are dedicated to making a difference for our customers and the industry as a whole. We are excited about the possibilities the future holds for this business.”
CAT currently operates two laboratories: its research hub in San Diego, California, and state-of-the-art wet lab facilities including BSL 3 containment for aquatic animal pathogens, located on Prince Edward Island in Canada. Thanks to the expertise of its team and the unique versatility of its laboratories, CAT is enabling the aquaculture industry to achieve efficient production of through genetic improvement as well as facilitating commercial development of innovative feed and health management products and services.
With Cuna Del Mar, CAT looks forward to working with other companies within the CDM portfolio and to expanding its capacity for conduct of aquaculture contract research and services in support of the global aquaculture industry.
For more information, please contact Debbie Plouffe at email@example.com or at 902-687-1245.