Silver Bay Seafoods Acquires Icicle's 50% Stake in OBI Seafoods
March 20, 2025
Silver Bay Seafoods has purchased Icicle Seafoods' (a Cooke subsidiary) 50% ownership stake in OBI Seafoods, partnering with the Bristol Bay Economic Development Corporation (BBEDC), which will retain its 50% share. Silver Bay will manage all OBI facilities and operations across multiple Alaskan plants and a Washington warehouse, with the companies citing the move as a step to stabilize regional processing capacity and support local fishermen and communities.
- Buyers
- Silver Bay Seafoods
- Targets
- OBI Seafoods
- Sellers
- Icicle Seafoods (Cooke subsidiary)
- Industry
- Food & Beverage
- Location
- Washington, United States
- Transaction Type
- Buyout
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