They purchased the Pacific American Fisheries, cannery in Petersburg, Alaska. ICICLE SEAFOOD - Crunchbase Company Profile & Funding Icicle, with some 350 year-round employees and 2,000 seasonal workers, is owned by Paine & Partners, a California-based investment group. Receives Canadas 50 Best Managed Companies designation. Founded in 1965, Icicle Seafoods, Inc. has been owned by the Cooke family since 2016. He first reported ona possible deal exactly a year ago. Icicle also participates in a Chilean trout- and salmon-farm JV. Many salmon fishermen have been concerned that escaped farm fish might pose a risk to Alaskas wild runs, and the Alaska Legislature has banned fish farming in the coastal waters of the 49th state. In order to flourish in this rapidly changing environment, we need to develop flexible and efficient business models and form innovative partnerships, Palmer said. Icicle on the other hand wasbought by privately-held Canadian giant Cooke Seafoods in 2016. var switchTo5x=true; Were going to keep the Icicle company name as well as the senior management, said Cooke spokeswoman Nell Halse. Their global reach expanded when they joined the Cooke family of companies, which includes seafood operations. Not included in the merger are Icicles two floating processing vessels: the Gordon Jensen and the Northern Victor which is permanently moored in Dutch Harbor. Our intention is to invest in the business.. Included in the merger are all of Icicles five shoreside processing plants its Wood River plant in Dillingham, Alaska; as well as facilities in Egegik, Larsen Bay, Seward, and Petersburg as well as Ocean Beautys five plants inNaknek, Alitak, Kodiak, Cordova, and Excursion Inlet. To cultivate the ocean with care, nourish the world, provide for our families and build stronger communities. The deal, expected to close within 30 days, represents another consolidation in the seafood industry. NEW YORK, June 26, 2015 /PRNewswire/ -- Paine & Partners, LLC ("Paine & Partners"), a global private equity investment firm focused on investing in food and agribusiness, and Icicle Holdings, Inc . The other is asmall group of Outside investors. Upon close of the transaction, Icicle and Ocean Beauty will each own a 50 percent stake in the OBI Seafoods. 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Mariner, an international fresh and frozen seafood company, specializes in processing a broad range of premium wild and farmed species including scallops, haddock, cod, salmon and shrimp. The Cooke familys entrepreneurial spirit has taken the company upstream over the past 30 years through the industrys early development to todays modern, sophisticated food production industry. You may unsubscribe from our mailing list at any time. Acquires Salmones Cupquelan S.A., in Chile. OBI Seafoods is a leading producerof fresh, frozen and canned wild Alaska seafood, operating 10 processing plantsin all major seafood producing areas of the state. Ocean Beauty and Cooke's Icicle Seafoods announce merger of Alaska Icicle Seafood is one of the longest operating seafood processing companies. Find out what works well at Icicle Seafoods, Inc. from the people who know best. Chris Ruettgers CEO Chris Ruettgers is a Chief Executive Officer at Icicle Seafoods, Inc and Board Member at Icicle Seafoods, Inc. Theres been speculation in the seafood industry press that the two Seattle-based companies are seeking to remain competitive against the other major industry players in Alaska. OBI Seafoods is owned by Cooke Seafoods and Ocean Beauty Seafoods. The company has a long-term supply contract with Evening Star Fisheries, an independent company, which owns and operates the floating groundfish processor and a permanently moored craft utilized by Icicle. View contacts for ICICLE SEAFOOD to access new leads and connect with decision-makers. , . Ocean Beauty Seafoods smoked salmon and distribution operations will remain under its current ownership, and will operate under the name OBS Smoked & Distribution, LLC, the company said. After changes to our operations in 2020, Icicle . With proud Alaskan roots dating back to 1965, Icicle Seafoods is now one of the largest and most diversified seafood companies in North America. NEW YORK, June 26, 2015 /PRNewswire/ -- Paine & Partners, LLC ("Paine & Partners"), a global private equity investment firm focused on investing in food and agribusiness, and Icicle Holdings, Inc. ("Icicle" or the "Company"), today announced that they have entered into agreements to sell Icicle to Convergence Holdings, Inc. ("Convergence") and to Dominion Catchers, LLC ("Dominion"). These four owned 55% and the company fishermen owned 45%. Its a generations-old family passion and our customers can taste the difference. He says hes cautiously optimistic the combined company will grow its North American market share. US Senate and House nearly aligned on 2024 Food and Drug Administration funding, Researchers create genetic chip to enhance traceability of Galician mussels, Aquaterras omega-3 oil gets Norwegian approval for use in aquafeed, Australis Aquaculture nets USD 18 million to expand barramundi production in Vietnam, DSAR Requests / Do Not Sell My Personal Info. Increased sales will bring additional investment to support growth and jobs, he added. "We used our investments and expertise in the seafood industry to accelerate Icicle's growth and help the Company achieve its business goals. Ocean Beauty Seafoods LLC has been a leader in quality and food safety for over 100 years and is one of the largest seafood processors in the United States. , . It currently has sales approaching $1 billion, and is invested in salmon farming in Canada, Maine, Chile and Scotland as well as other seafood ventures in Virginia and Spain. Icicle Seafoods Inc - Company Profile and News - Bloomberg Markets Initial plans include modernizing processing facilities and combining marketing and value-added product expertise. Icicle Seafoods processing operations on the P/V Gordon Jensen and the permanently moored craft Northern Victor in Dutch Harbor are not included in the merger. Acquires Atlantic Fish Specialties Ltd. in Prince Edward Island, expands value added. The acquisitive owners of Cooke Seafood announced on Monday, 9 May their purchase of Icicle Seafoods, creating a seafood giant expected to produce more than 275,000 metric tons of seafood and generate an estimated USD 1.8 billion (EUR 1.58 billion) in sales annually. When typing in this field, a list of search results will appear and be automatically updated as you type. All rights reserved. Icicle Seafoods portfolio includes five salmon farms in Puget Sound and an array of Alaska catcher boats, processing vessels and shore-based plants that handle wild salmon, crab, herring, cod and other seafood species. Its corporate headquarters is in Seattle, Washington. Icicle Seafoods is an American seafood processor and wholesaler with land-based and vessel-based processing facilities throughout Alaska. We believe we have got to work together, Halse said We are all in the seafood business. This merger also presents the best opportunity for the new company to optimize our branded value-added seafood and make strategic long-term investments.. Acquires Culmarex S.A., the largest sea bass and sea bream farming operation in Spain. True North Seafood, Inc. the processing division and flagship brand of Cooke Inc., acquires the business of Mariner Seafood, LLC, in New Bedford, Massachusetts. Ocean Beauty Seafoods & Icicle Seafoods Announce Merger from 8 AM - 9 PM ET. Cooke Seafood acquires Icicle Seafoods, Inc. Cooke Seafood USA acquires Grinfin, a hake fishery subsidiary of Fripur based in Argentina. Ocean Beauty Seafoods and Icicle Seafoods Announce Merger. Providing these markets with the highest quality seafood has been a founding principle of Icicle. Cooke Aquaculture Inc. is named the winner of the 2018 Private Business Growth Award. Icicle Seafoods, Inc. | LinkedIn He says since 2016 the two companies have invested $50 million into their plants. Partnerships can provide employees with additional career growth opportunities in a wider variety of positions and locations, he said. Its other assets include a value-added processing facility in Washington state, seven distribution facilities in the western U.S., and sales offices in Seattle and Tokyo. The deal is set to close on 1 June, in line with the 2020 wild Alaska salmon season, according to the companies.
