Seattle-based Icicle Seafoods on Wednesday announced that it has agreed to acquire Snopac Products, an independently owned and operated seafood processor with operations in Alaska and Seattle. Terms of the deal were not disclosed.
Snopac operates a processing plant in Dillingham, Alaska, and a processing vessel, the M/V Snopac Innovator, which together enable the company to process more than 1 million pounds (round weight) of fish daily. Snopac has a significant presence in the Bristol Bay sockeye salmon fishery and also participates in the pink salmon and herring fisheries with the Innovator.
“We are excited about this transaction, which allows Icicle to expand its operations through a modernized shore-based processing facility and an efficient vessel processing platform,” said Dennis Guhlke, president and CEO of Icicle Seafoods. “Snopac is known for its strong relationships with its markets and fishermen, as well as its top quality products. This strategic acquisition is another step in our growth strategy as a leading processor of salmon and other seafood products. We are pleased to welcome and work with such a highly respected, experienced management team and employee base.”
“We are already well acquainted with Icicle Seafoods, and admire the way they operate their highly diversified business,” added Gregory Blakey, CEO of Snopac. “Given Icicle’s significant operational history and a strong commitment to its fishing fleet and its employees, we think this is a perfect match for Snopac. While we take a lot of pride in being one of the last independent, family-owned processors in Alaska, we know that a combination with Icicle is the best long term solution for our employees and fleet.”
