Salmon cannery in Alaska. (Photo Credit: Icicle Seafoods)
Agreements for Icicle sale terminated
(UNITED STATES, 9/7/2015)
Global private equity investment firm, Paine & Partners, LLC, intends to reinitiate a sale process for Icicle Seafoods upon completion of the 2015 salmon season.
Paine has confirmed that the previously announced agreements to sell Icicle Seafoods to Indonesian companies Convergence Holdings, Inc. and Dominion Catchers, LLC have been terminated.
Icicle noted that its diversified business and operations remain strong and that the company continues to be well-positioned as a leader in the North American seafood sector.
Icicle also said that it is experiencing positive performance across its business units, driven by strong volumes during the 2015 wild salmon season and excellent operational performance, coupled with an improved pricing environment for its farmed Atlantic salmon business.
Paine & Partners and Icicle do not intend to disclose developments regarding the sale process until a transaction is announced.
Icicle Seafoods, Inc. is one of the largest and most diversified seafood companies in North America. Its core business is the primary processing of seafood including wild salmon, pollock, halibut, cod, sablefish and herring in most major fisheries throughout Alaska, with both on-shore and floating processing facilities.
Icicle also owns the largest United States owned and operated salmon farming company located in the Pacific Northwest of the United States.
Related article:
- Icicle Seafoods to be sold to Indonesian firms
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Information of the company:
Address:
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Kinsen Bldg. 14-8, Tsukiji 2-chome, Chuo-ku,
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City:
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Tokyo
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State/ZIP:
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(104-0045)
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Country:
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Japan
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Phone:
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+81 3-3545-4751
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Fax:
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+81 3-3545-4767
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E-Mail:
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[email protected]
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More about:
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Approval / Accreditation / Certified / Oversight by...
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