Food and Beverage Business

Investment in Growth of Bluefin Tuna at Mexico’s Baja Aqua-Farms

Investment in Growth of Bluefin Tuna at Mexico’s Baja Aqua-Farms Fish & Seafood Food and Beverage Business

Baja Aqua-Farms, a leading bluefin tuna fisher, processor, and distributor in Mexico, has recently secured an undisclosed investment from a consortium of investors. The New York-based Continental Grain Company, alongside agri-food giant Cargill, and Mexico’s Organización Cultiba SAB de CV (Cultiba) are among the key investors in this funding round. Additionally, US-based investors Equity Group Investments (EGI) and Castle Harlan also contributed to the investment.

According to a statement from Baja Aqua-Farms, the partnership with the consortium provides strategic support and a source of additional capital for the company to meet the growing demand in the seafood industry. Baja Aqua-Farms, which operates out of Baja California in Mexico, aims to utilize the investment for business expansion.

Founded in 2000, Baja Aqua-Farms specializes in sustainable and environmentally responsible bluefin tuna ranching. The company supplies fresh and frozen tuna to the retail and foodservice channels. They are renowned for providing sashimi-grade tuna and their mission is to produce and distribute the highest quality Pacific bluefin tuna.

Manuel Vazquez, the CEO of Baja Aqua-Farms, expressed confidence in the consortium investment, stating, “Their combined operational expertise will be a major asset in driving the growth and expansion of our business going forward. In addition, the incoming investor group shares our passion to remain a leader in environmentally sustainable practices, offering unique opportunities for our customers, suppliers, and employees.”

Under the terms of the transaction, a selection of executives from the investor group will join the board of Baja Aqua-Farms. They include individuals from Continental Grain Company, Cultiba, EGI, and Castle Harlan, bringing their expertise to further the company’s growth and development.

Continental Grain Company, one of the investors in Baja Aqua-Farms, is also invested in US food major Kraft Heinz and the Hissho Sushi chain.

Inquiries have been made to each of the investors for comment on the transaction. For more comprehensive company profiles and the latest food and beverage industry trends, visit the GlobalData store. Access valuable insights and gain a competitive edge in the food and drink business.

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