The Cooke family recently announced the signing of a definitive agreement for the purchase of Icicle Seafoods Inc.
Once closed, Cooke said in a press release the deal will enhance the family’s investments in both the wild fishery and the aquaculture sectors, making them leaders in the U.S. salmon farming sector and a major player in the Alaskan salmon fishery.
“The closing of this deal will be an exciting venture for us as it will add a well-respected fishery to our family businesses,” said Glenn Cooke, President of Cooke Seafood Inc.
“We have tremendous respect for the Alaska fishery and its highly valued brand in the seafood marketplace. Our family and our business is rooted in a small coastal fishing town on the east coast of Canada and we have become a mainstay to communities in rural and coastal Maine.”
The deal will include Icicle’s three business units, which harvest and process over 150,000 metric tonnes of seafood annually: wild salmon, groundfish and farmed Atlantic salmon. By adding the Atlantic salmon farming operations in Washington State to its current operations in the State of Maine, Cooke will be able to strengthen its Leadership role in the United States aquaculture sector, the press release explained.
It will also become the only company in the world that farms salmon while holding a significant market position in wild salmon.