Icicle Seafoods, Ocean Beauty Seafoods merge salmon processing operations operations

Two of Alaska’s largest seafood companies are merging their salmon processing businesses. Icicle Seafoods and Ocean Beauty Seafoods will be combining forces to create OBI Seafoods. Talks of a potential merger have been circulating for months. There’s 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 two companies have very different ownership. Half of Ocean Beauty is owned by the Bristol Bay Economic Development Corporation. The other is a small group of Outside investors. Icicle on the other hand was bought by privately-held Canadian giant Cooke Seafoods in 2016. The majority of — I don’t want to say majority — but a big chunk of the Alaska salmon processing sector is now partly owned or partly controlled by a major salmon farming company,” >click to read< 09:35

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