Cooke Aquaculture to buy Paine & Partners' Icicle Seafoods
Canada's Cooke Aquaculture Inc has agreed to acquire Icicle Seafoods Inc, a seafood products processor based in Seattle, Washington. No financial terms were disclosed for the deal, which is expected to close within 30 days. Cooke, a family-owned aquaculture business headquartered in Saint George, New Brunswick, said the deal will make it a leader in the U.S. salmon farming industry, and a major player in the Alaskan salmon fishery. Icicle said it will gain capital to modernize its platform, expanded market access, and a broader product offering. Icicle has been a portfolio company of U.S. private equity firm Paine & Partners since September 2007.
11 May 2016•4 mins read
