Icicle Seafoods is being acquired by Fox Paine Management III LLC. On August 5 a news release stated the deal was expected to close within 90 days. Icicle believes that this acquisition will help them to fulfill their vision of growing operations in new markets, and building up their existing markets.
Icicle is a major processor of wild Alaska salmon, pollock, crab, halibut, cod, sablefish and herring. Icicle is based in Seattle, but employs 2,200 people in operations in Alaska, Washington State, Oregon, Japan and Chile. There is expected to be no changes in staffing of the company.
Source: Alaska Journal of Commerce