Several are on Bristol Bay but there are also plants in Cordova, on Kodiak Island and in Southeast including Petersburg. Acquires Saddle Island site in Nova Scotia. And were confident our customers can taste the difference. Copyright Cooke Aquaculture, 2023. The merger will enable more focus on selling seafood products in the global marketplace by leveraging both strong sales teams. ", "Today's announcement represents the culmination of Paine & Partners' stewardship of Icicle," said W. Dexter Paine, III, Chairman and CEO and a founding Partner of Paine & Partners. Acquires former Shur-Gain Aquaculture feed plant in Truro NS to establish Northeast Nutrition Inc. Achieves Seafood Trust eco-label certification. Find out what works well at Icicle Seafoods, Inc. from the people who know best. Upon close of the merger transaction, Icicle Seafoods, Inc. and Ocean Beauty Seafoods Inc. will each own a 50% stake in the new company. Icicle Seafoods continues to improve operations and add value to its seafood products in innovative ways. To meet the strength of Trident Seafoods and Silver Bay Seafoods, Icicle and Ocean Beauty really needed to do this, Drew Cherry, editor ofIntraFish, told CoastAlaska on Friday. OBI Seafoods is owned by Cooke Seafoods and Ocean Beauty Seafoods. The company was sold to Fox, Paine and Partners in 2007 by the original stockholders, who by this time had migrated approximately to about 75% management and employee ownership, from the original all-fishermen and manager ownership, through an ESOP plan that transferred great benefits to the company's year-round employees. We look forward to working with them. Our History. Icicle Seafoods, Inc. provides seafood products. SEATTLE, WASHINGTON May, 29, 2020 Two of Alaskas oldest and largest seafood companies,Ocean Beauty Seafoods LLCandIcicle Seafoods, Inc., announced today that they are merging their wild salmon and Gulf of Alaska groundfish operations. Icicle Seafoods is owned by Blacks Harbour, New Brunswick, Canada-based Cooke Inc., while Seattle, Washington-based Ocean Beauty is jointly owned by the Bristol Bay Economic Development Corp. and a group of private investors. Icicle Seafoods is an American seafood processor and wholesaler with land-based and vessel-based processing facilities throughout Alaska. Cooke grew out of a family-run business in Blacks Harbour, a small fishing community on Canadas east coast. While accelerated due to the opening of the 2020 salmon season, Palmer said he expects the merger to progress smoothly. About us. The two companies have very different ownership. We are a company of 10,000 employees. In February 2020, Icicle Seafoods was recognized by Whole Foods Market in its annual Supplier Awards. Box 70739 Seattle, Washington 98127, 2022 by OBI Seafoods - Web Design by efelle creative. Cooke achieves Canadas Best Managed Companies Platinum Club member status. Purchase of first hatchery at Oak Bay, New Brunswick. "Convergence and its affiliates have extensive industry experience that will allow for continued investment in Icicle's business. We believe we have got to work together, Halse said We are all in the seafood business. All rights reserved. product company and a leading integrated provider of specialty oils and specialty protein products. The transaction is anticipated to close in August, and is subject to customary closing and regulatory conditions. 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. True North Salmon processing facilities certified to British Retail Consortium (BRC) Standard for Food Quality and Safety. Hes been selling to Icicle for more than 15 years. // ]]>// . Hear perspectives from three year-round farmers. Salmones Cupquelan, earns Best Aquaculture Practices (BAP) certification in Chile. In Convergence and Dominion, the Company will continue to have owners that will work with its management and employees to build on its successes.". Rain and mud make Mount Marathon trail an absolute nightmare, In reversal, Anchorage halts its clearing of Mountain View homeless camps, Kenai River angler reels in surprise catch: an iPhone. Glenn Cooke is featured on the TV show Undercover Boss Canada. The companys ownership includes the Bristol Bay Economic Development Corporation, a community development quota group that supports economic development is villages in Western Alaska. Icicle Seafoods serves customers in the United States. Through this acquisition, we are accessing a high-quality seafood resource with leading fishing and processing capabilities. Icicle Seafood is one of the longest operating seafood processing companies. The majority of I dont want to say majority but a big chunk of the Alaska salmon processing sector is now partly owned or partly controlled by a major salmon farming company, Cherry said. Cooke Seafood acquires Icicle Seafoods, Inc. Cooke Seafood USA acquires Grinfin, a hake fishery subsidiary of Fripur based in Argentina. Theres just no telling where the passionate pursuit of freshness and variety will take you. We live and work in the communities where we fish or where we farm. With recent acquisitions of the Wanchese Fish Company, Icicle Seafoods, Cooke Uruguay and Omega Protein, we have further diversified our product offering and expanded our seafood assets into the wild fishery. Ocean Beauty Seafoods smoked salmon and distribution operations will remain under its current ownership and will operate under the name OBS Smoked & Distribution, LLC. Icicle Seafoods serves customers in the United States. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Ocean Beauty will maintain its smoked salmon and distribution network under the name OBS Smoked & Distribution. Icicle will continue to operate in the Bering Sea, Aleutian Islands, and Western Gulf of Alaska groundfish fisheries via the Gordon Jensen and Northern Victor processing operations, through a long-term supply contract with Evening Star Fisheries. Paine acquired Icicle in 2007. And this merger will cut costs and allow it to do this. Icicle Seafoods, Inc. is one of the largest and most diversified seafood companies in North America. A respected Alaska fishing industry leader, he has built deep relationships across the state. He says hes cautiously optimistic the combined company will grow its North American market share. By signing up you agree to receive content from us. Terms of the deal werent disclosed. Cooke will now be a player in Alaskas wild-salmon industry, which has long been wary of the farmed-salmon competition. Mark Palmer, the president and CEO of Ocean Beauty Seafoods, will serve as CEO of OBI Seafoods, while Icicle Seafoods Chief Operating Officer John Woodruff will become executive vice president of Alaska operations for the new company. Like our ancestors, were obsessed with finding better and smarter ways to bring you the very best seafood in the world. Talks between Cooke and Ocean Beauty over a deal to consolidate their operations in Alaska advanced earlier this month whena vote by the BBEDC board of directors approved the outline of the deal announced today. The company received an award in the retailer's "Raising the Bar for Quality" category. True North Seafood, Inc. the processing division and flagship brand of Cooke Inc., acquires the business of Mariner Seafood, LLC, in New Bedford, Massachusetts. [3][4]. With proud Alaskan roots dating back to 1965, Icicle Seafoods is one of the longest operating seafood processing companies in Alaska. Theyre going to plow those back into investments in the plant. Their basis was 2.75 cents a share from their original investment in 1965. CEO Mark Palmer says about half of Cookes more than $2 billion sales volume is wild harvest. 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. Its corporate headquarters is in Seattle, Washington. Cooke family acquire the assets of Fripur S.A., and establishes Cooke Uruguay. The merger will take effect on June 1, 2020, in line with the 2020 wild Alaska salmon season. Financial terms of the transactions and of the agreement between Convergence and Dominion were not disclosed. Acquires Culmarex S.A., the largest sea bass and sea bream farming operation in Spain. He has worked as Exec VP:Strategy & Corp Dev at Icicle Seafoods, Inc. Amy Humphreys Board Member Chad Clapp Chief Mate Acquires Grand Isle Fish Farms Ltd. in New Brunswick. In our case, its led us to establish operations in nine countries around the globe, and harvest more than 25 core species of fish. May 30, 2020. We operate in pristine marine environments, rely on science and experts to ensure sustainability, use feed from sustainable resources, and constantly search for ways to reduce our carbon footprint.
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