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By daybreak
Published: August 18, 2008
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America Seafoods Group (“American Seafoods”) announced that it has acquired the factory trawler HIGHLAND LIGHT and the fishing vessel TRACY ANNE from subsidiaries of Yardarm Knot, Inc. following the receipt of applicable government approvals. The purchase price was not disclosed.
With the acquisition, American Seafoods further expands its Alaskan catcher-processor fleet. The fleet is used primarily to harvest whitefish in the frigid waters of the Bering Sea and off the Pacific coasts of Washington and Oregon. American Seafoods also harvests cod aboard three catcher-longline vessels.
“The addition of the HIGHLAND LIGHT to our state-of-the-art factory trawler fleet will enhance American Seafoods’ flexibility to bring high-quality, frozen-at-sea whitefish products to our customers,” said Bernt O. Bodal, chief executive officer of American Seafoods Group, “We are looking forward to working with our Alaskan partners to fold this new catching and processing platform into our operations.”
The acquisition marks another major step in the increasing ownership by Alaskans in the Bering Sea commercial fisheries. Two Alaskan community development groups, Coastal Villages Region Fund and Central Bering Sea Fishermen’s Association (CBSFA), both of which supply valuable fisheries quota to the Company, combined own approximately 50 percent of the Company. Coastal Villages represents 20 western Alaska villages and around 9,000 residents along the coast of the Bering Sea from Scammon Bay to Platinum, while CBSFA represents the 500 residents of the community of St. Paul in the Pribilof Islands.
Financing for the transaction was arranged by Banc of America Securities LLC and Glitnir Banki, hf. Glitnir Capital Corporation in New York also acted as exclusive financial advisor to American Seafoods in connection with the deal.
source:http://www.businesswire.com/news/dentonrc/20080815005589/en
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Published: August 18, 2008
Print
EmailAmerica Seafoods Group (“American Seafoods”) announced that it has acquired the factory trawler HIGHLAND LIGHT and the fishing vessel TRACY ANNE from subsidiaries of Yardarm Knot, Inc. following the receipt of applicable government approvals. The purchase price was not disclosed.
With the acquisition, American Seafoods further expands its Alaskan catcher-processor fleet. The fleet is used primarily to harvest whitefish in the frigid waters of the Bering Sea and off the Pacific coasts of Washington and Oregon. American Seafoods also harvests cod aboard three catcher-longline vessels.
“The addition of the HIGHLAND LIGHT to our state-of-the-art factory trawler fleet will enhance American Seafoods’ flexibility to bring high-quality, frozen-at-sea whitefish products to our customers,” said Bernt O. Bodal, chief executive officer of American Seafoods Group, “We are looking forward to working with our Alaskan partners to fold this new catching and processing platform into our operations.”
The acquisition marks another major step in the increasing ownership by Alaskans in the Bering Sea commercial fisheries. Two Alaskan community development groups, Coastal Villages Region Fund and Central Bering Sea Fishermen’s Association (CBSFA), both of which supply valuable fisheries quota to the Company, combined own approximately 50 percent of the Company. Coastal Villages represents 20 western Alaska villages and around 9,000 residents along the coast of the Bering Sea from Scammon Bay to Platinum, while CBSFA represents the 500 residents of the community of St. Paul in the Pribilof Islands.
Financing for the transaction was arranged by Banc of America Securities LLC and Glitnir Banki, hf. Glitnir Capital Corporation in New York also acted as exclusive financial advisor to American Seafoods in connection with the deal.
source:http://www.businesswire.com/news/dentonrc/20080815005589/en
Submit Article