Cuna del Mar, the aquaculture-focused investment group backed by Christy Walton, has purchased The Center for Aquaculture Technologies, or CAT, the P.E.I.-based research group.
The companies last week issued a statement saying that Cuna del Mar has bought all the shares of CAT for an undisclosed sum from Linnaeus Capital Partners BV, a Dutch investment group.
With operations in P.E.I. and San Diego, CAT is a specialist in researching the ways that aquaculture operations can improve their output through genetic improvement. The seven-year-old research organization also helps with the