The Ontario Teachers Pension Plan announced Friday that it has purchased the P.E.I. company Atlantic Aqua Farms, the largest grower and processor of live mussels in North America
Based in Toronto, OTPP is one of the world's largest pension funds and invests and administers the pensions of Ontario's 318,000 active and retired teachers. It bought Atlantic Aqua Farms from San Francisco-based Encore Consumer Capital, which owned the company up until now, for an undisclosed amount.
Terry Ennis, the farm's CEO for the last nine years, said the pension plan's acquisition won't affect employees or products, and is encouraging for the future of the company.
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