Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Partnership designed to grow the value of Alaska seafood

Ocean Beauty Seafoods and Icicle Seafoods Announce Merger

Click on the flag for more information about United States UNITED STATES
Monday, June 01, 2020, 00:10 (GMT + 9)

SEATTLE, WASHINGTON – Two of Alaska’s oldest and largest seafood companies, Ocean Beauty Seafoods LLC and Icicle Seafoods, Inc., announced today that they are merging their wild salmon and Gulf of Alaska groundfish operations. The new company will be named OBI Seafoods LLC.

“The Alaska salmon business is experiencing significant market and resource fluctuations. In order to flourish in this rapidly changing environment, we need to develop flexible and efficient business models and form innovative partnerships,” said Mark Palmer, President and CEO of Ocean Beauty Seafoods, who will serve as CEO of the newly merged company. “The merger will enable more focus on selling seafood products in the global marketplace by leveraging both strong sales teams. Increased sales will bring additional investment to support growth and jobs,” he added.

The agreement will allow the new partnership to make strategic investments to enhance its ability to compete in the world seafood market. Initial plans include modernizing processing facilities and combining marketing and value-added product expertise. The changes are designed to grow the value of the Alaska seafood resource in a way that benefits the company’s customers, employees, and fisherman partners.

  

Icicle Alsaka operations location map

Included in the merger are all five Icicle shoreside plants and all five Ocean Beauty shoreside plants in Alaska. 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 Ocean Beauty and Icicle Seafoods Gulf of Alaska groundfish operations and all salmon operations will operate under the newly formed OBI. 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. These plants will continue to operate in the Bering Sea, Aleutian Islands, and Western Gulf of Alaska groundfish fisheries, and will operate under Icicle Seafoods, Inc.

 

Ocean Beauty Seafoods is a diverse company, with operations in fifteen locations worldwide. The company operate in all major salmon-producing regions of Alaska: Bristol Bay, Kodiak Island, Copper River, and throughout the length of Southeast Alaska.

“The two companies’ cultures will blend well,” Palmer said. “We will be combining two very talented workforces that are highly motivated to compete successfully in today’s challenging market. This merger also presents the best opportunity for the new company to optimize our branded value-added seafood and make strategic long-term investments.”

The floating processor Northern Victor processes pollock. Home port has been Beaver Inlet

John Woodruff, Chief Operating Officer of Icicle Seafoods, will become Executive Vice President of Alaska Operations for the new company. A respected Alaska fishing industry leader, he has built deep relationships across the state.

According to Mr. Woodruff, “Partnerships can provide employees with additional career growth opportunities in a wider variety of positions and locations.  As a unified team, we are confident we can make improvements to benefit employees, fishermen, customers and vendors. To be more competitive globally, operational efficiencies in processing must be realized, along with continuing strong fleet relationships and placing an added focus on sales, marketing and distribution.”


Ocean Beauty is the leading packer of canned salmon in the United States and also produce added value frozen products

Founded in 1910, Ocean Beauty Seafoods LLC is owned by the Bristol Bay Economic Development Corporation and a group of individual owners with experience in the seafood industry. Founded in 1965, Icicle Seafoods, Inc. has been owned by the Cooke family since 2016. Upon close of the merger transaction, Icicle Seafoods, Inc. and Ocean Beauty Seafoods Inc. will each own a 50% stake in the new company. The merger will take effect on June 1, 2020, in line with the 2020 wild Alaska salmon season. 

editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Denmark
Jul 4, 00:10 (GMT + 9):
Aller Flow, the new feed for Atlantic Salmon in Recirculating Aquaculture Systems (RAS)
United States
Jul 4, 00:10 (GMT + 9):
Bristol Bay fishermen await word on Pebble Mine permit at the height of fishing season
United States
Jul 3, 16:40 (GMT + 9):
How are oysters farmed – and what’s the effect on subaqueous soils?
Russian Federation
Jul 3, 16:40 (GMT + 9):
Barents Sea │ Crabs TAC | King Crab | Snow Crab (Opilio)
Russian Federation
Jul 3, 16:40 (GMT + 9):
Ministry increased quotas for cod, sprat and crab
Greenland
Jul 3, 10:00 (GMT + 9):
Other Media | FiskerForum: Brim puts investment into Greenland Company
Japan
Jul 3, 07:00 (GMT + 9):
Volumes and prices | Main fresh fish: Skipjack, sardine, mackerel, saury and squid | Tokyo Markets (May-2020)
Russian Federation
Jul 3, 06:00 (GMT + 9):
Far East fishing of Iwashi and mackerel began successfully: 7.7 times more than last year's level was produced
Norway
Jul 3, 05:20 (GMT + 9):
New knowledge about salt fish production
Russian Federation
Jul 3, 05:00 (GMT + 9):
Update on far east salmon season
Spain
Jul 3, 04:00 (GMT + 9):
Other Media | Industrias Pesqueras: World Maritime Week returns to Bilbao in March 2021
Sweden
Jul 3, 01:00 (GMT + 9):
Other Media | SeafoodSource: SEAC AB sees opportunities in drive for cleaner processing of smaller fish
United Kingdom
Jul 3, 00:10 (GMT + 9):
John West to launch Norwegian sister brand King Oscar
Norway
Jul 3, 00:10 (GMT + 9):
Nutritional needs of farmed halibut
United States
Jul 3, 00:10 (GMT + 9):
US bought $700m of competing Russian seafood in 2019/Russia has bought zero US seafood since 2014



Lenguaje
FEATURED EVENTS
  
TOP STORIES
John West to launch Norwegian sister brand King Oscar
United Kingdom King Oscar sardines go on sale in Waitrose on 6 July  John West Foods will launch its Norwegian sister brand King Oscar in the UK for the first time next week. The premium Thai Union-owned seaf...
Alaska cooperative hopes to revive commercial salmon fishing
United States BETHEL, Alaska (AP) — A group of Alaska fishermen have formed an organization they hope will help revitalize commercial salmon fishing in Kuskokwim Bay. The Independent Fishermen of Quinhagak Coo...
COVID-19: Two seafood companies such as Kaichi Kato Suisan in Hokkaido go bankrupt
Japan Kaichi Kato Suisan Co., Ltd. (TDB company code: 010174863, capital 30 million yen, 20-1-18 Kitajo Nishi, Chuo-ku, Sapporo-shi, Hokkaido, Mr. Yoji Kato) and affiliated company Maruka Suzuki Shoten (TDB...
The anchovy stock in the Bay of Biscay registers its historical maximum
Spain The estimate of anchovy biomass this year is around 330,000 tons, according to data from the Bioman campaign, promoted by AZTI. The figure, the highest since this study started in 1987,...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER