Since the 1970s, Icicle has been one of the largest and most progressive and competitive seafood producers in the world, operating primarily throughout Alaska, but with operations in Canada and Washington state. Our success depends on the vitality of our harvesters, customers and communities, which is ensured by the continued abundance of the wild Alaska seafood resource. 2023 Diversified Communications. Convergence and Dominion have agreed to enter into long-term contracts to continue Icicle's diversified seafood operations following the completion of the transactions. Seattle-based Icicle Seafoods, founded more than a half-century ago by Southeast Alaska fishermen, will be acquired by Canada-based Cooke Seafood, an aquaculture giant with global operations. OBI brings together the experience and heritage of both companies, along with the legacy Ocean Beauty and Icicle brands, continuing its predecessors' commitment to responsible seafood resource management and community sustainability. Seattle's Icicle Seafoods to be sold to Canadian aquaculture giant Second generation Southeast Alaska fisherman Justin Peeler is the skipper of the 58-foot fishing vessel Defiant out of Sitka. Partnerships can provide employees with additional career growth opportunities in a wider variety of positions and locations, he said. Find out what works well at Icicle Seafoods, Inc. from the people who know best. Icicle also participates in a Chilean trout- and salmon-farm JV. "Convergence and its affiliates have extensive industry experience that will allow for continued investment in Icicle's business. Two of Alaskas oldest and largest seafood companies. Paine acquired Icicle in 2007. Acquires Grand Isle Fish Farms Ltd. in New Brunswick. "China 2030" provides a data-powered look into the Asian giant's not-so-distant future and what it could mean for the global economy. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. What started as a humble family aquaculture company with a single marine site has grown into a global seafood leader with fully-integrated facilities, product lines and distribution networks. Icicle's products are sold throughout the world into a variety of customer channels including industrial, food service, wholesale and retail. Under the transactions, Convergence will acquire Icicle's land-based wild seafood processing and farmed salmon activities, and Dominion will acquire the Company's harvesting and processing vessels as well as the associated fishing rights. Cooke, based in New Brunswick, said the salewill create an industry giant that will have some $1.8 billion in annual sales. Upon close of the transaction, Icicle and Ocean Beauty will each own a 50 percent stake in the OBI Seafoods. Icicle Seafoods - Wikiwand Half of Ocean Beauty is owned by theBristol Bay Economic Development Corporation. The merger will take effect on June 1, 2020, in line with the 2020 wild Alaska salmon season. John Woodruff, Chief Operating Officer of Icicle Seafoods, will become Executive Vice President of Alaska Operations for the new company. Jacob Resneck is CoastAlaska's regional news director in Juneau. Icicle's 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. To cultivate the ocean with care, nourish the world, provide for our families and build stronger communities. And were confident our customers can taste the difference. Acquires East Coast operations of Marine Harvest (formerly Stolt Sea Farm). Where does hydroponics fit into Alaskas food system? True North Salmon processing facilities certified to British Retail Consortium (BRC) Standard for Food Quality and Safety. Through this acquisition, we are accessing a high-quality seafood resource with leading fishing and processing capabilities. [1], In 2016, Cook Aquaculture purchased the company, returning the company to fishing family ownership after a decade of investment institutional ownership.[2]. Cooke acquires Morubel, the leading shrimp processor in Western Europe that cultivates, processes, packs and distributes shrimp and other seafood products. Recruiters are always searching for top talent across the country so that they can continue to hire and train. // Paine & Partners Enters into Agreements to Sell Icicle Seafoods Icicle Seafoods Inc - Company Profile and News - Bloomberg Markets The merger will enable more focus on selling seafood products in the global marketplace by leveraging both strong sales teams. Cooke is one of the worlds largest salmon farming companies, Cherry noted. 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. Convergence is the latest company established by the Indonesia-based Soetantyo family, who has a long history in the food and canning industries in Asia and North America. For us, fishing and farming isnt just a business its who we are. Bloomberg Surveillance, covering the latest news in finance, economics and investments. As a unified team, we are confident we can make improvements to benefit employees, fishermen, customers and vendors. Acquires Saddle Island site in Nova Scotia. Initial plans include modernizing processing facilities and combining marketing and value-added product expertise. Cooke Inc. acquires Tassal Group Limited, Australias largest vertically integrated seafood producer which distributes and processes salmon, prawns and other seafood in fresh, smoked, and frozen categories. Copyright Cooke Aquaculture, 2023. Cooke acquires Farallon Aquaculture de Nicaragua S.A., a vertically integrated producer of farmed shrimp and a leading supplier of branded fresh-frozen shrimp. This merger also presents the best opportunity for the new company to optimize our branded value-added seafood and make strategic long-term investments.. Partnership designed to grow the value of Alaska seafood. We look forward to working with them. Purchase of first hatchery at Oak Bay, New Brunswick. He says Icicle has been a strong company, but has sold much of its fish outside the United States. There have been upgrades to some of the plants in Bristol Bay, says Cherry, who grew up in the region. Phone Number +1 206 281 0329. Cooke achieves Best Aquaculture Practices (BAP) certification for North America. Cooke Inc. acquires Omega Protein, a nutritionalproduct company and a leading integrated provider of specialty oils and specialty protein products. Icicle Seafoods, Inc. provides seafood products. Glenn, Michael and Gifford Cooke establish first farm at Kelly Cove, New Brunswick. In 1977, the company was renamed Icicle Seafoods, Inc. By the early 1980s, Icicle was the world's largest halibut and black cod producer, and was among the world's top salmon producers. The company employs thousands of workers at operations across Alaska and the Pacific Northwest to harvest, process, and distribute some of the best seafood in the world. OBI Seafoods is owned by Cooke Seafoods and Ocean Beauty Seafoods. We believe we have got to work together, Halse said We are all in the seafood business. The changes are designed to grow the value of the Alaska seafood resource in a way that benefits the companys customers, employees, and fisherman partners. The two companies cultures will blend well, Palmer said. The three Icicle Seafoods units being sold process more than 150,000 metric tons of seafood annually. The company was started as Petersburg Fisheries, Inc. in 1965 by a group of Alaskan fishermen, led by founding CEO Robert Magnus Thorstenson, Sr., vice President Thomas E. Thompson, and fishermen Magnus A. Martens and Gordon Jensen, who would become the chairman of the board[clarification needed] during the founders' final years. In February 2020, Icicle Seafoods was recognized by Whole Foods Market in its annual Supplier Awards. Receives Canadas 50 Best Managed Companies designation. Upon close of the merger transaction, Icicle Seafoods, Inc. and Ocean Beauty Seafoods Inc. will each own a 50% stake in the new company. Copyright Cooke Aquaculture, 2023. from 8 AM - 9 PM ET. Their global reach expanded when they joined the Cooke family of companies, which includes seafood operations. 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. 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. Their basis was 2.75 cents a share from their original investment in 1965. Cooke Seafood Our Story Cision Distribution 888-776-0942 In our case, its led us to establish operations in nine countries around the globe, and harvest more than 25 core species of fish. Today, Icicle is Petersburg's largest hometown employer, taxpayer, economic engine and backbone. 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. They are now primarily processing pollock and cod. Salmones Cupquelan, earns Best Aquaculture Practices (BAP) certification in Chile. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. 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"). Want seafood news sent directly to your inbox? In order to flourish in this rapidly changing environment, we need to develop flexible and efficient business models and form innovative partnerships, Palmer said. Cooke acquires Seajoy Food Corporation Group, one of the largest vertically integrated, premium shrimp farms in Latin America. 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. Icicle Seafoods is an American seafood processor and wholesaler with land-based and vessel-based processing facilities throughout Alaska. Icicle Seafoods - Wikipedia product company and a leading integrated provider of specialty oils and specialty protein products. Icicle Seafoods, Inc. is a division of the Cooke family of companies, a privately-owned sustainable seafood company based in New Brunswick, Canada. Natural Sciences and Engineering Research Council of Canada (NSERC) and Dalhousie University create Cooke Industrial Research Chair (IRC) in Sustainable Aquaculture with Dr. Jon Grant. So we have a long term commitment to build up the plants and modernize them.. Acquires Di-Anna Aqua Inc., Double O Fish Ltd. and Rattling Beach Farm Ltd. in Nova Scotia. Overall, he says, the company will redouble its commitment to modernizing its Alaska operations. Cooke will now be a player in Alaskas wild-salmon industry, which has long been wary of the farmed-salmon competition. 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. Icicle Seafoods, Inc. Careers and Employment | Indeed.com Icicle Seafoods, Inc. provides seafood products. stLight.options({publisher: "d264abd5-77a9-4dfd-bee5-44f5369b1275", doNotHash: false, doNotCopy: false, hashAddressBar: false}); And this merger will cut costs and allow it to do this. 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. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. With proud Alaskan roots dating back to 1965, Icicle Seafoods is one of the longest operating seafood processing companies in Alaska. According to Mr. Woodruff, Partnerships can provide employees with additional career growth opportunities in a wider variety of positions and locations. Theres just no telling where the passionate pursuit of freshness and variety will take you. After changes to our operations in 2020, Icicle . The partnership also means access to capital to further modernize our platform, expanded market access for our fleets and a broader product offering for our customer base., Barred from grocery stores by facial recognition, Canada offers lesson in the economic toll of climate change, A viral left-wing Twitter account may have been fake all along, Wind turbines that shake and break cost their maker billions, Federal Reserve has questions for Bank of America after its stress test results.

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