By Madelyn Kearns, Editor
Published on Tuesday, January 03, 2017
Kicking things off is one of seafood’s biggest acquisitions in 2016 – the Cooke family’s purchase of Icicle Seafoods in May. The Canada-based Cooke Seafood bought up 100 percent of Icicle, expanding the enterprise’s overall capacity to potentially generate more than 275,000 metric tons of product and USD 1.8 billion (EUR 1.58 billion) in sales annually.
“Icicle is a complex company, with many aspects to it, and Cooke has been looking to expand into the broader seafood sector,” Cooke Seafood’s Vice President of Communications Nell Halse said.
“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,” Cooke Seafood said in a press release. “It will also become the only company in the world that farms salmon while holding a significant market position in wild salmon.”