Glacier Fish Company acquires Alaska Ocean Seafood

Glacier Fish Company LLC and Nippon Suisan Kaisha, Ltd., through its wholly owned subsidiary Nippon Suisan (USA), Inc., announced today the signing of a comprehensive agreement to purchase Alaska Ocean Seafood LP (AOS).

Nippon Suisan simultaneously agreed to make an investment in Glacier Fish to attain a 25% ownership stake through contribution of its interest in AOS and an additional equity investment.

Further details of the transaction were undisclosed.

The transaction has been approved by the board of directors of each company and is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and approval of US Department of Transportation Maritime Administration, with an expected closing in early part of June this year.