As the stock markets take a hit, there is some good news in the business world.
Cooke Aquaculture has purchased the processing facility of Ocean Choice International in Newfoundland.
Ocean Choice says the decision to sell the facility was made because of the declining raw material base to support the operation.
Officials with Cooke Aquaculture says it will be business as usual at the processing plant on the rock and no word on what this means for the people already working there.
The deal is expected to be finalized near the end of next month.
