Icicle Seafoods

Icicle Seafoods is a seafood processor and wholesaler with land-based and vessel-based processing facilities throughout Alaska. Icicle's corporate headquarters is in Seattle, Washington.

The company was started as Petersburg Fisheries, Inc. in 1965 by a group of Alaskan fishermen, led by founding CEO Robert Magnus Thorstenson, Sr., vice President Thomas E. Thompson as well as fishermen Magnus A. Martens and Gordon Jensen, who would become the Chairman of the board during the founders' final years. They purchased the Pacific American Fisheries cannery in Petersburg, Alaska. These four owned 55% and the company fishermen owned 45%. In 1977, the company was renamed as Icicle Seafoods, Inc.^[1]

References

↑ {{cite web By the early 1980s, Icicle was the world's largest halibut and black cod producer and amongst the worlds top salmon producers. With growth throughout the companys' varied seafood.production, Icicle was consistently a leading contributor to.the Alaskan economy and remained one.of the states' largest private sector businesses. But the founders had mostly vanished, with Magnua A. Martens perishing in a fishing accident in.the summer of 1983, Thomas E. Thompson died in 1999 and Gordon Jensen paased on in 2004. Mr Thorstenson, living with Parkinsons disease since 1979, was able to enjoy the satisfaction of the company employees, managers, and many of the fishing families who held their stock until he also joined the original founders in 2009, succombing to a fall brought on by complications of his Parkinson's. . The company was sold to.Fox, Paine and Partners in 2007 by the original stockholders, who by this time had migrated approximately to about 75% management and employee ownership, from the original all fishermen and manager ownership, through an ESOP plan that transferred great benefits to.the companies year-round employees. Subsequently, in 2016 Cook Aquaculture purchased the company, returning the company to fishing family ownership.after a decade of investment institutional ownership. The first million dollars started the company. $100,000 from the principals and a $900,000 loan. Icicle original.shareholders sold.their stock after 42 years at $86.00 per share. Their basis was 2.75 cents a share from.their original investment in 1965. Since the 1970s, Icicle has been one of the largest and most progressive and competitive seafood producers in the world, operating primarily throughout Alaska, but with operations in Canada, Washington state and Canada. Today, Icicle is Petersburg's largest hometown employer, taxpayer, economic engine and backbone. Icicles fishermen are proud to operate and contribute in all.the communities throughout Alaska and elsewhere the company operates. But our base began in.Petersburg and that will always be our hometown. |url=http://www.icicleseafoods.com/operations/ |title=Our Operations |website=Icicle Seafood official website |accessdate=18 July 2014}}

External links

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[1] {{cite web By the early 1980s, Icicle was the world's largest halibut and black cod producer and amongst the worlds top salmon producers. With growth throughout the companys' varied seafood.production, Icicle was consistently a leading contributor to.the Alaskan economy and remained one.of the states' largest private sector businesses. But the founders had mostly vanished, with Magnua A. Martens perishing in a fishing accident in.the summer of 1983, Thomas E. Thompson died in 1999 and Gordon Jensen paased on in 2004. Mr Thorstenson, living with Parkinsons disease since 1979, was able to enjoy the satisfaction of the company employees, managers, and many of the fishing families who held their stock until he also joined the original founders in 2009, succombing to a fall brought on by complications of his Parkinson's. . The company was sold to.Fox, Paine and Partners in 2007 by the original stockholders, who by this time had migrated approximately to about 75% management and employee ownership, from the original all fishermen and manager ownership, through an ESOP plan that transferred great benefits to.the companies year-round employees. Subsequently, in 2016 Cook Aquaculture purchased the company, returning the company to fishing family ownership.after a decade of investment institutional ownership. The first million dollars started the company. $100,000 from the principals and a $900,000 loan. Icicle original.shareholders sold.their stock after 42 years at $86.00 per share. Their basis was 2.75 cents a share from.their original investment in 1965. Since the 1970s, Icicle has been one of the largest and most progressive and competitive seafood producers in the world, operating primarily throughout Alaska, but with operations in Canada, Washington state and Canada. Today, Icicle is Petersburg's largest hometown employer, taxpayer, economic engine and backbone. Icicles fishermen are proud to operate and contribute in all.the communities throughout Alaska and elsewhere the company operates. But our base began in.Petersburg and that will always be our hometown. |url=http://www.icicleseafoods.com/operations/ |title=Our Operations |website=Icicle Seafood official website |accessdate=18 July 2014}}