Ocean-raised striped bass. (Photo: Pacifico Aquaculture)

US private equity firm acquires Pacifico Aquaculture

MEXICO
Wednesday, January 10, 2018, 02:40 (GMT + 9)

The Butterfly private equity firm, based in Los Angeles, United States, announced the purchase of Pacifico Aquaculture, a leading oceanic aquaculture company operating in Baja California.

Pacifico Aquaculture was created in 2010, and is the first and only producer of striped bass in the ocean. This species, which is highly valued for its flavor and texture, is marketed by renowned distributors, retailers and restaurants.

Omar Alfi and Daniel Farag, co-CEOs of Pacifico Aquaculture, expressed their satisfaction in associating with the Butterfly team, a private equity firm specializing in the food sector that not only shares its commercial ideals, but also its vision for the future.

Adam Waglay, co-founder of Butterfly together with Dustin Beck, said they are happy to work with this aquaculture company, given the good growth prospects of oceanic aquaculture both in North America and around the world.
                     
Pacific Aquaculture has been awarded the four-star rating of the Best Aquaculture Practices (BAP) program of the Global Alliance for Aquaculture (GAA). Waglay stressed that this recognition is very important for Butterfly, and stressed that they support their commitment to responsible and sustainable aquaculture practices.

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