A Canadian corporation, Cooke Aquaculture is apparently interested in taking over Uruguay's main fish industry company, FRIPUR, which is under administration and liquidation and ended all operations almost six months ago.
Uruguay's largest fishing and processing company FRIPUR, has requested administrative protection, or a voluntary concordat with creditors following financial problems with banks and other providers. Liabilities are over 70 million dollars of which 50 million with two banks, according to sources close to the request. The company employs 1.100 people.
Uruguay’s leading and largest fish processing company Fripur S.A. claimed in full page ads in Montevideo’s newspapers that it is the victim of a “strong media offensive” that “irresponsibly” questions the way in which it processes products that are sold both in Uruguay and overseas.