Acquisitions in Baja California, Mexico

Castle Harlan acquired Baja Marine Foods (BMF) through its portfolio company Baja Aqua-Farms (BAF). The deal expands BAF’s vertically integrated seafood platform and adds marine ingredients capabilities through BMF’s fishmeal and fish oil production; financial terms were not disclosed.

Pacifico Aquaculture received project financing from Equilibrium Capital and a significant equity investment from a consortium led by Butterfly Equity and a leading U.S. public pension fund. The funding will finance Pacifico’s nursery facility in Baja California and support expansion of sustainable ocean-raised striped bass production. Transaction terms were not disclosed.

ShipMonk, an e-commerce fulfillment and inventory management provider, announced its international expansion through the acquisition of El Mar Mexico (321 Fulfillment of Mexico). The acquired fulfillment center in Tecate, Mexico becomes ShipMonk’s first warehouse facility outside the United States and will support cross-border fulfillment benefiting from U.S. CBP Section 321 de minimis import rules.