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Food Industry Acuisitions: Umami Buys Baja Aqua Farms

December 7, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Umami Sustainable Seafood, Inc. (OTCBB: UMAM) said it has completed the acquisition of Baja Aqua Farms, a Mexican producer of bluefin tuna.

In July 2010, Umami acquired 33% interest in Baja Aqua Farms along with an option to acquire an additional 66.98%. The firm exercised its option and the transaction closed with the result that Baja is now a 99.98% owned subsidiary of Umami.

Oli Steindorsson, Umami's chairman said that combining Baja with his firm’s existing Croatian operations positions Umami as a leading producer of bluefin tuna.

California-based Umami owns and operates Kali Tuna, which is a Croatia-based aquaculture operation, raising Northern bluefin tuna in the Croatian part of the Adriatic Sea, and now Baja Aqua Farms.

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