Salmon cannery in Alaska. (Photo Credit: Icicle Seafoods)
(UNITED STATES, 9/7/2015)
Global private equity investment firm, Paine & Partners, LLC, intends to reinitiate a sale process for Icicle Seafoods upon completion of the 2015 salmon season.
Paine has confirmed that the previously announced agreements to sell Icicle Seafoods to Indonesian companies Convergence Holdings, Inc. and Dominion Catchers, LLC have been terminated.
Icicle noted that its diversified business and operations remain strong and that the company continues to be well-positioned as a leader in the North American seafood sector.
Icicle also said that it is experiencing positive performance across its business units, driven by strong volumes during the 2015 wild salmon season and excellent operationa...
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