Seafood companies plan to merge parts of their operations
June 4, 2020
JUNEAU, Alaska (AP) – Ocean Beauty Seafoods and Icicle Seafoods Inc. announced plans Friday to merge parts of their operations under a new company.
The merger, set to take effect Monday, will include Ocean Beauty and Icicle shoreside plants in Alaska, according to a release. Financial terms were not released.
Ocean Beauty and Icicle Seafoods each will own a 50% stake in the new company, OBI Seafoods LLC, the release states. Mark Palmer, president and CEO of Ocean Beauty, will be CEO of the new venture. John Woodruff, chief operating officer at Icicle, will be executive vice president of A...