Convergence Holdings and Dominion Catchers to Acquire Icicle Seafoods from Paine & Partners
June 16, 2015
Paine & Partners has agreed to sell Icicle Seafoods (Icicle Holdings, Inc.) in two concurrent transactions: Convergence Holdings, Inc. will acquire the company's land-based processing and farmed salmon operations, while Dominion Catchers, LLC will acquire harvesting and processing vessels and associated fishing rights. The buyers have committed to long-term contracts to continue Icicle's diversified seafood operations; the transactions are expected to close subject to customary conditions.
- Buyers
- Convergence Holdings, Inc., Dominion Catchers, LLC
- Targets
- Icicle Seafoods (Icicle Holdings, Inc.)
- Sellers
- Paine & Partners, LLC, Icicle Holdings, Inc.
- Industry
- Food & Beverage
- Location
- Washington, United States
- Transaction Type
- Divestiture
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