Canada’s Ontario Teachers’ Pension Plan has bought Atlantic Aqua Farms of the US as part of a mandate to invest in the global food industry.

With assets of CAD180.5bn (US$141bn), the country’s largest single-profession pension plan said in a statement on Friday (17 November) that it also has an eye on sustainable sources of food production. The fund did not provide financial details for the acquisition of Atlantic Aqua Farms from San Francisco-based Encore Consumer Capital.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Atlantic Aqua Farms based on Prince Edward Island is the biggest cultivator of live mussels in the US, and is the owner of brands Canadian Cove, Confederation Cove and JP’s Shellfish. The firm also offers oysters, clams and Maine and Canadian lobster.

Speaking about OTTP’s first venture into aquaculture, Andrew Claerhout, the pension fund’s senior managing director for infrastructure and natural resources, said: “Demand for protein is increasing, and in the context of land constraints and environmental considerations, aquaculture is among the most sustainable sources to meet this demand.

“Atlantic Aqua Farms has built a significant aquaculture platform, underscoring the significant opportunities for long-term growth in this space.” 

See Also:

OTTP said it has delivered annualised gross returns of more than 10% since its founding in 1990 and is headquartered in Toronto. The fund also has regional offices in Hong Kong and London.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Atlantic Aqua Farms chief executive Terry Ennis said: “Ontario Teachers’ is a leader in environmental stewardship, corporate governance and social responsibility and with the benefit of Ontario Teachers’ vision and leadership we look forward to many more years of continued sustainable growth in the aquaculture sector as we strive to be market leaders in everything we do.”