Originally published May 21, 2008 at 12:00 AM | Page modified May 21, 2008 at 11:33 AM
PrintJapanese firm takes 25 percent stake in Glacier Fish
Nippon Suisan Kaisha Ltd. of Tokyo, the second-largest marine products firm in Japan, has taken a 25 percent stake in Glacier Fish Co. of Seattle. Glacier also...
The Associated Press
SEATTLE — Nippon Suisan Kaisha Ltd. of Tokyo, the second-largest marine products firm in Japan, has taken a 25 percent stake in Glacier Fish Co. of Seattle.
Glacier also announced on Wednesday the acquisition of Alaska Ocean Seafood. According to the news release, Nippon Suisan is contributing its share in Alaska Ocean as well as an equity investment.
Terms have not been disclosed. Both boards of directors have approved the investment deal, which remains subject to approval by U.S. regulators. It's expected to close early next month.
Alaska Ocean owns the Alaska Ocean, the largest and most advanced catcher-processer ship for targeting pollock in the United States. Glacier has three catcher processors and two freezer long-liners.
Nippon Suisan U.S. holdings include Gorton's, King & Prince Seafood, FW Bryce and UniSea.
Copyright © 2008 The Seattle Times Company
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