A corporation owned by First Peoples in Alaska is planning to acquire equity in two Icelandic seafood companies as part of its drive to manage the oceans sustainably.
Sealaska has more than 23,000 shareholders of Tlingit, Haida and Tsimshian background. This latest investment in Iceland’s IceMar and AG Seafood builds on the corporation’s acquisition of New England Seafood (NESI) in October 2020.
As part of its restructure, Sealaska also announced the sale of Orca Bay Foods. “We’re in seafood because it’s a powerful way to care for the oceans,” said Sealaska chief operating officer Terry Downes. “Ocean-based foods have a fraction of the carbon footprint of land-based proteins. And the rapid growth of the chilled category proves it is a key path to consumers’ tables.”
Established in 2003 IceMar is a sales and marketing business selling seafood from Iceland all over the world. AG Seafood was established in 2008 and processes cod, haddock and various species of flatfish. The two companies will continue to be run by their current owners with NESI chief executive, Dan Aherne, playing an active role in the development of the businesses.
“We’re thrilled to turn NESI’s nearly 20-year relationship with these two companies into a more formal partnership,” said Mr Aherne. “Iceland has a rich heritage as a fishing and fish-processing nation with some of the best products anywhere.”