Wednesday, April 24, 2013

Icicle Seafoods Calls it Quits at Adak

Icicle Seafoods has made official its decision to shut the doors on its facilities at Adak, citing concerns about the health of the region’s Pacific cod fishery and increased regulatory uncertainty.

Icicle’s new president and chief executive officer, Amy Humphreys, said the company supports policies that encourage development and sustainability of Alaska’s coastal communities and recognize this goal is often best achieved with a resident fishing fleet and year round seafood processing operation. “However, given the questionable outlook for the Pacific cod fishery in the area and the high costs of operating in this remote location, we have decided to focus our resources in other areas within our Alaska operations,” she said.

Icicle recently completed the purchase of a second shore-based seafood processing facility in Bristol Bay. Humphreys said the addition of the Wood River facility in Dillingham would significantly increase Icicle’s capacity to produce high quality sockeye salmon fillets. Herring and chum and pink salmon will also be processed at Dillingham. The purchase was the final step in Icicle’s acquisition of Snopac Products assets, which began last year.

Atka Pride Seafoods at Atka meanwhile has told commercial harvesters of its willingness to buy seafood from fishermen who would have been delivering to Icicle at Adak, and several fishermen have already expressed interest in the offer, rather than delivering at Dutch Harbor.  Atka Pride Seafoods will employ about two dozen people for the season.

Atka Pride Seafoods, a joint venture of APICDA Joint Ventures Inc. and the Atka fishermen’s Association, will open April 27 and remain open through November.

APICDA Joint Ventures is a wholly owned subsidiary of the Aleutian Pribilof Island Community Development Association. Icicle is a Seattle-based diversified seafood company owned by the private equity firm of Paine & Partners LLC, with offices in New York, Chicago and San Francisco.

FN Online Advertising