Icicle Seafoods is out fishing even when icicles hang low. The fishery and seafood-processing company catches, processes, and distributes fresh, canned, and frozen fish. Products include cod, herring, pollock, halibut, wild salmon, crab, and trout. Customers of Icicle Seafoods are retail food as well as industrial, wholesale, and foodservice operators worldwide. The company maintains floating seafood processing plants, shoreline plants, and other facilities in Alaska, Oregon, and Washington. Its Alaskan cannery has been in operation since 1899. Icicle also participates in a Chilean trout- and salmon-farm JV. The seafood supplier is owned by private investment firm Paine & Partners, part of Fox Paine & Co.
Under Paine & Partners' direction, Icicle Seafoods is ever on the lookout for acquisitions that expand its operations and market share in processing salmon and other seafood products. Early 2012 it agreed to acquire Snopac Products. Snopac operates a seafood processing plant in Dillingham, Alaska, serving the Bristol Bay sockeye salmon fishery. A processing vessel, the M/V Snopac Innovator, enables the company to also tap herring and pink salmon fisheries. Snopac's collective process capacity reaches more than one million pounds of round weight daily.
Icicle Seafoods raised funds for growth in 2010 by selling its Bellingham, Washington, surimi analog business to Trident Seafoods. Icicle Seafoods said the surimi operation was not strategic to its future. More important to its long term vision, it purchased the salmon-farming company Smoki Foods in 2008. The deal broadened Icicle Seafoods' product offerings to salmon fillets and value-added salmon products and included Smoki subsidiary American Gold Seafoods.
Icicle Seafoods was founded in 1965, when a group of fisherman and employees purchased a cannery from Pacific American Fisheries, once one of the world's major salmon canning operations. – less