Maritime Injury Law BlogPublished on:
Ocean Beauty Seafoods reveals plan to sell distribution business
In an official statement, Ocean Beauty Seafoods revealed that distribution operations, with facilities located in Astoria and Portland, Oregon; Boise, Idaho; Dallas, Texas; Helena, Montana; Renton, Washington; and Salt Lake City, Utah, are currently for sale.
The company further stated that the sale aligns with the “long-term business strategy” of Bristol Bay Economic Corporation as well as the three individual investors who have held ownership since the mid-1990s. They report that they are diversifying into alternative investments.
“The owners feel that this is a good time to explore selling the distribution operation due to its strong performance in recent years,” Ocean Beauty Distribution President and COO Mike Coulston said.