Paine & Partners Enters into Agreements to Sell Icicle Seafoods

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.  Convergence and Dominion have agreed to enter into long-term contracts to continue Icicle’s diversified seafood operations following the completion of the transactions.  Financial terms of the transactions and of the agreement between Convergence and Dominion were not disclosed.    Read the rest here 17:47

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