Canadian aquaculture company Cooke today announced a "definitive agreement" to purchase Seattle-based Icicle Seafoods.
Here's the press release.
This is the second time in less than a year that an Icicle sale has been announced.
In June 2015, a deal was announced to sell Icicle to Indonesian interests. But the deal fell through.
Cool, this will help the Icicle Fleet after they drop the wild fish price a little more to pay for a lot more fish food. The stinky pink fleet should be happy, they can now just grind em all into fish meal for cost recovery.
ReplyDeleteAt least AGS has another sister on scene. Canadian completion at 64 cents on the dollar, you got to love it!
Sweet, more foreign control!
ReplyDeleteWaaaaaaa.....
ReplyDeleteMany fisheries need more foreign processors 6:12. Keep crying, your going on limit Icicle Style, just like in 2015.
ReplyDeleteWaaaaaa....
ICE, always confusing the Icicle fleet. R2D2, meets H2B1.
https://www.buzzfeed.com/jessicagarrison/the-new-american-slavery-invited-to-the-us-foreign-workers-f?utm_term=.lbeaWnxADP#.xneWX29b0E
Cooke will have to spend tens of millions to make these plants competitive against the likes of Unisea in groundfish and Silver Bay in salmon and herring. A good bet is that a couple of the old dumps like Larsen Bay and Dillingham are shut down, and maybe one of the ships, so the money can be concentrated where there is some hope.
ReplyDeleteWes, here is an interesting report with optimism on why the price of reds may be better this year, and permit prices may boost a bit.
ReplyDeletehttp://kdlg.org/post/some-optimism-years-catch-market-trends-better-they-were-year-ago-say-guests#stream/0
Good company to bet on, with less now invested in wild fisheries, a liability subject to unsavory market fluctuations. Farmed salmon aint goin nowhere salty fisher mcfishface
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