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April 25, 2008

Icicle Seafoods nets Smoki

By Demitri Diakantonis

Seattle’s Icicle Seafoods Inc., a portfolio company of Paine & Partners LLC, announced Thursday, April 24, that it had acquired salmon distributor Smoki Foods Inc. and two of its subsidiaries. Terms of the transaction were not disclosed.

Icicle will take over Smoki subsidiaries American Gold Seafoods LLC, a salmon farming company, and Cypress Island Seafoods LLC, a processing plant in Blaine, Wash. Paine & Partners, then part of Fox Paine & Co. LLC, acquired Icicle from management last August.

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